£173,059
This estimated value is based upon the latest sale price for the house of £123,000 on 28 Oct 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 |
---|---|
£123,000 | 28 Oct 2015 |
Flats/Maisonettes |
Leasehold |
Floor Area: 59 sq meters or 635 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 October 2015 the House Price Index for SOUTHEND-ON-SEA was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £123,000 results in an estimated price of approximately £173,059.
28 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
105.6 | 148.6 | 40.699 % | £123,000 | £50,059 | £173,059 |
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 | 51.366 % | £63,180 | £186,180 |
3 Month Average | 21.347 % | £26,256 | £149,256 |
6 Month Average | 33.514 % | £41,221 | £164,221 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £356,233 | £350,000 | 264 SOUTH AVENUE |
4 Sep 2023 | £355,040 | £350,500 | 295 SOUTH AVENUE |
18 Jul 2023 | £334,502 | £330,000 | 276 CENTRAL AVENUE |
16 Feb 2023 | £249,832 | £250,000 | 97 STORNOWAY ROAD |
31 Jan 2023 | £378,218 | £380,000 | 254 SOUTH AVENUE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 18 Sep 2012. Using an estimated price of £173,059 means this house is valued at £2,933 per sq meter (£272 per sq foot).
The average size of a house on SOUTH AVENUE is 86 sq meters (926 sq feet).