£426,666
This estimated value is based upon the latest sale price for the house of £119,995 on 16 Feb 2001. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £119,995 | 16 Feb 2001 |
| Terraced |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 February 2001 the House Price Index for SOUTHEND-ON-SEA was 42.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 255.570%.Applying this 255.570% change to the original purchase price of £119,995 results in an estimated price of approximately £426,666.
| 16 Feb 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.1 | 149.7 | 255.570 % | £119,995 | £306,671 | £426,666 |
The Postcode Pricing Model uses changes in average sales price within the SS9 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 | 249.298 % | £299,144 | £419,139 |
| 3 Month Average | 289.485 % | £347,367 | £467,362 |
| 6 Month Average | 311.830 % | £374,180 | £494,175 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £431,632 | £425,000 | 1580 LONDON ROAD |
| 4 Dec 2023 | £490,059 | £475,000 | 3 HAMILTON CLOSE |
| 8 Nov 2023 | £397,593 | £387,500 | 106A OLIVE AVENUE |
| 7 Nov 2023 | £282,162 | £275,000 | 1859 LONDON ROAD |
| 6 Oct 2023 | £271,159 | £265,000 | 1889 LONDON ROAD |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 29 Jan 2014. Using an estimated price of £426,667 means this house is valued at £3,526 per sq meter (£327 per sq foot).
The average size of a house on OLIVE AVENUE is 109 sq meters (1,176 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Under investigation | On or near Hamilton Close |
| Jul 2024 | Drugs | Awaiting court outcome | On or near Alma Road |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Alma Road |
| Jul 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Alma Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Alma Close |