£382,354
This estimated value is based upon the latest sale price for the house of £145,000 on 3 Oct 2002. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£145,000 | 3 Oct 2002 |
Detached |
Freehold |
Floor Area: 92 sq meters or 990 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 2002 the House Price Index for SOUTHEND-ON-SEA was 56.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 163.693%.Applying this 163.693% change to the original purchase price of £145,000 results in an estimated price of approximately £382,354.
3 Oct 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
56.4 | 148.6 | 163.693 % | £145,000 | £237,354 | £382,354 |
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 | 104.423 % | £151,413 | £296,413 |
3 Month Average | 172.944 % | £250,769 | £395,769 |
6 Month Average | 175.162 % | £253,984 | £398,984 |
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 92 sq meters or 990 sq feet when measured on 28 Aug 2019. Using an estimated price of £382,355 means this house is valued at £4,156 per sq meter (£386 per sq foot).
The average size of a house on INVERNESS AVENUE is 91 sq meters (986 sq feet).