£233,426
This estimated value is based upon the latest sale price for the house of £55,500 on 15 Sep 1999. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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Price Paid | Date |
---|---|
£55,500 | 15 Sep 1999 |
Terraced |
Freehold |
Floor Area: 96 sq meters or 1,033 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 September 1999 the House Price Index for SOUTHEND-ON-SEA was 35.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 320.589%.Applying this 320.589% change to the original purchase price of £55,500 results in an estimated price of approximately £233,426.
15 Sep 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
35.3 | 148.6 | 320.589 % | £55,500 | £177,926 | £233,426 |
The Postcode Pricing Model uses changes in average sales price within the SS0 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 | 306.563 % | £170,142 | £225,642 |
3 Month Average | 352.088 % | £195,408 | £250,908 |
6 Month Average | 349.719 % | £194,094 | £249,594 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £360,000 | £360,000 | 75 INVERNESS AVENUE |
3 Nov 2023 | £319,734 | £315,000 | 112 GLENWOOD AVENUE |
14 Jul 2023 | £329,434 | £325,000 | 116 INVERNESS AVENUE |
3 Apr 2023 | £315,396 | £312,000 | 124 INVERNESS AVENUE |
24 Feb 2023 | £389,738 | £390,000 | 82 GLENWOOD AVENUE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 11 Jun 2018. Using an estimated price of £233,427 means this house is valued at £2,431 per sq meter (£225 per sq foot).
The average size of a house on INVERNESS AVENUE is 91 sq meters (986 sq feet).