£244,740
This estimated value is based upon the latest sale price for the house of £142,000 on 25 Nov 2011. This value is then adjusted by the current Official House Price Index for ESSEX 1
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53 Southernhay, Basildon, SS14 1EU
Phone: 01268810660
| Price Paid | Date |
|---|---|
| £142,000 | 25 Nov 2011 |
| £72,995 | 29 Nov 2001 |
| £44,995 | 15 Oct 1998 |
| £36,000 | 17 Oct 1995 |
| £26,000 | 19 Apr 1995 |
| £22,500 | 23 Mar 1995 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 756 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 November 2011 the House Price Index for ESSEX was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.352%.Applying this 72.352% change to the original purchase price of £142,000 results in an estimated price of approximately £244,740.
| 25 Nov 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.352 % | £142,000 | £102,740 | £244,740 |
The Postcode Pricing Model uses changes in average sales price within the SS16 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 | -4.112 % | £-5,839 | £136,160 |
| 3 Month Average | 67.117 % | £95,306 | £237,306 |
| 6 Month Average | 71.020 % | £100,849 | £242,849 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £295,164 | £290,000 | 61 VANGE HILL DRIVE |
| 28 Jul 2023 | £165,224 | £163,000 | 64 REDGRAVE ROAD |
| 7 Jul 2023 | £354,775 | £350,000 | 7 REDGRAVE ROAD |
| 27 Mar 2023 | £297,806 | £295,000 | 29 REDGRAVE ROAD |
| 17 Mar 2023 | £343,234 | £340,000 | 139 REDGRAVE ROAD |
This house has a floor area of 70 sq meters or 756 sq feet when measured on 24 Nov 2010. Using an estimated price of £244,740 means this house is valued at £3,481 per sq meter (£323 per sq foot).
The average size of a house on REDGRAVE ROAD is 77 sq meters (831 sq feet).