£240,695
This estimated value is based upon the latest sale price for the house of £196,000 on 1 Jun 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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44 Southernhay, Basildon, SS14 1ET
Phone: 01268810663
| Price Paid | Date |
|---|---|
| £196,000 | 1 Jun 2018 |
| £185,000 | 3 Mar 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 626 sq feet |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in June 2018 the House Price Index for ESSEX was 119.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.804%.Applying this 22.804% change to the original purchase price of £196,000 results in an estimated price of approximately £240,695.
| 1 Jun 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 146.7 | 22.804 % | £196,000 | £44,695 | £240,695 |
The Postcode Pricing Model uses changes in average sales price within the SS14 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 26.732 % | £52,395 | £248,395 |
| 3 Month Average | 67.500 % | £132,299 | £328,299 |
| 6 Month Average | 36.567 % | £71,670 | £267,670 |
This house has a floor area of 58 sq meters or 626 sq feet when measured on 18 Oct 2008.
The average size of a house on SOUTHERNHAY is 55 sq meters (600 sq feet).