£422,711
This estimated value is based upon the latest sale price for the house of £320,000 on 21 Dec 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £320,000 | 21 Dec 2016 |
| £80,000 | 2 Mar 2007 |
| £109,000 | 19 Feb 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 sq feet |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in December 2016 the House Price Index for ESSEX was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £320,000 results in an estimated price of approximately £422,711.
| 21 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 149.7 | 32.097 % | £320,000 | £102,711 | £422,711 |
The Postcode Pricing Model uses changes in average sales price within the SS5 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 | 27.934 % | £89,388 | £409,388 |
| 3 Month Average | 17.034 % | £54,509 | £374,509 |
| 6 Month Average | 19.539 % | £62,525 | £382,525 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £438,473 | £425,000 | 14 BEACHES CLOSE |
| 4 Oct 2023 | £423,621 | £414,000 | 52 SOUTHBOURNE GROVE |
| 18 Sep 2023 | £332,326 | £325,000 | 31 CHESTNUT CLOSE |
| 25 Aug 2023 | £386,980 | £380,000 | 39 CHESTNUT CLOSE |
| 22 Aug 2023 | £341,153 | £335,000 | 55 SOUTHBOURNE GROVE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 19 Oct 2016. Using an estimated price of £422,711 means this house is valued at £4,645 per sq meter (£431 per sq foot).
The average size of a house on SOUTHBOURNE GROVE is 95 sq meters (1,026 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Southbourne Grove |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Foxfield Close |
| Jul 2024 | Other theft | Under investigation | On or near Westbourne Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Magnolia Road |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Greensward Lane |