£184,057
This estimated value is based upon the latest sale price for the house of £180,000 on 5 Sep 2023. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £180,000 | 5 Sep 2023 |
| £83,000 | 11 Nov 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 699 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 2023 the House Price Index for SOUTHEND-ON-SEA was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £180,000 results in an estimated price of approximately £184,057.
| 5 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £180,000 | £4,057 | £184,057 |
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 | -9.268 % | £-16,681 | £163,318 |
| 3 Month Average | -7.055 % | £-12,698 | £167,301 |
| 6 Month Average | 0.083 % | £149 | £180,149 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £361,096 | £350,000 | 48 ROCHFORD AVENUE |
| 13 Oct 2023 | £168,835 | £165,000 | 7A RAYLEIGH AVENUE |
| 13 Oct 2023 | £112,556 | £110,000 | 112 WEST ROAD |
| 5 Sep 2023 | £184,057 | £180,000 | 136 WEST ROAD |
| 1 Jun 2023 | £377,566 | £370,000 | 25 RAYLEIGH AVENUE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 18 Feb 2017. Using an estimated price of £184,057 means this house is valued at £2,831 per sq meter (£263 per sq foot).
The average size of a house on WEST ROAD is 82 sq meters (885 sq feet).