£195,413
This estimated value is based upon the latest sale price for the house of £156,667 on 8 May 2018. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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Price Paid | Date |
---|---|
£156,667 | 8 May 2018 |
Flats/Maisonettes |
Leasehold |
Floor Area: 60 sq meters or 645 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 May 2018 the House Price Index for SOUTHEND-ON-SEA was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £156,667 results in an estimated price of approximately £195,413.
8 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.1 | 148.6 | 24.732 % | £156,667 | £38,746 | £195,413 |
The Postcode Pricing Model uses changes in average sales price within the SS2 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 | 33.674 % | £52,756 | £209,423 |
3 Month Average | 11.836 % | £18,542 | £175,209 |
6 Month Average | 16.953 % | £26,559 | £183,226 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £289,283 | £285,000 | FLAT 44 27 VICTORIA AVENUE |
12 Sep 2023 | £164,605 | £162,500 | FLAT 16 THE PINNACLE, 59 VICTORIA AVENUE |
15 Aug 2023 | £295,586 | £293,000 | FLAT 23 27 VICTORIA AVENUE |
23 Jun 2023 | £169,048 | £167,000 | FLAT 7 THE PINNACLE, 59 VICTORIA AVENUE |
20 Jan 2023 | £258,781 | £260,000 | UNIT 1 27 VICTORIA AVENUE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 29 Nov 2017. Using an estimated price of £195,414 means this house is valued at £3,256 per sq meter (£302 per sq foot).
The average size of a house on VICTORIA AVENUE is 72 sq meters (780 sq feet).