£67,501
This estimated value is based upon the latest sale price for the house of £14,000 on 11 Jan 1998. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £14,000 | 11 Jan 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 29 sq meters or 312 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 January 1998 the House Price Index for SOUTHEND-ON-SEA was 30.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 382.155%.Applying this 382.155% change to the original purchase price of £14,000 results in an estimated price of approximately £67,501.
| 11 Jan 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.8 | 148.6 | 382.155 % | £14,000 | £53,501 | £67,501 |
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 | 480.776 % | £67,308 | £81,308 |
| 3 Month Average | 414.066 % | £57,969 | £71,969 |
| 6 Month Average | 437.029 % | £61,184 | £75,184 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Aug 2023 | £216,897 | £215,000 | FLAT 24 AXIS COURT, 343 SOUTHCHURCH ROAD |
| 10 Jul 2023 | £184,990 | £182,500 | FLAT 20 AXIS COURT, 343 SOUTHCHURCH ROAD |
| 4 Jul 2023 | £172,319 | £170,000 | 21 BOURNEMOUTH PARK ROAD |
| 28 Apr 2023 | £207,231 | £205,000 | FLAT 83 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
| 26 Apr 2023 | £146,578 | £145,000 | 30 BOURNEMOUTH PARK ROAD |
This house has a floor area of 29 sq meters or 312 sq feet when measured on 2 Dec 2013. Using an estimated price of £67,502 means this house is valued at £2,327 per sq meter (£216 per sq foot).
The average size of a house on BOURNEMOUTH PARK ROAD is 86 sq meters (926 sq feet).
This house is the smallest in the street with a floor area of 29 sq meters (312 sq feet).