£227,987
This estimated value is based upon the latest sale price for the house of £157,000 on 30 Jun 2015. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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Price Paid | Date |
---|---|
£157,000 | 30 Jun 2015 |
£127,500 | 30 Mar 2006 |
£104,995 | 2 Dec 2002 |
£41,250 | 26 Apr 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 55 sq meters or 592 sq feet |
This model uses changes in the Official Land Registry House Price Index for SOUTHEND-ON-SEA to estimate the market value.
When this house was purchased in June 2015 the House Price Index for SOUTHEND-ON-SEA was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £157,000 results in an estimated price of approximately £227,987.
30 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
102.3 | 148.6 | 45.215 % | £157,000 | £70,987 | £227,987 |
The Postcode Pricing Model uses changes in average sales price within the SS1 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 | 24.258 % | £38,085 | £195,085 |
3 Month Average | 41.116 % | £64,552 | £221,552 |
6 Month Average | 31.762 % | £49,866 | £206,866 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Dec 2023 | £134,351 | £132,000 | FLAT 22 THE PAVILIONS, 140 CAMBRIDGE ROAD |
4 Sep 2023 | £212,720 | £210,000 | FLAT 42 THE PAVILIONS, 140 CAMBRIDGE ROAD |
24 Aug 2023 | £209,836 | £208,000 | FLAT 7 THE PAVILIONS, 140 CAMBRIDGE ROAD |
23 Jun 2023 | £172,084 | £170,000 | FLAT 29 THE PAVILIONS, 140 CAMBRIDGE ROAD |
27 May 2022 | £173,265 | £170,000 | FLAT 35 THE PAVILIONS, 140 CAMBRIDGE ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 4 Dec 2019. Using an estimated price of £227,987 means this house is valued at £4,145 per sq meter (£385 per sq foot).
The average size of a house on CAMBRIDGE ROAD is 79 sq meters (855 sq feet).