£305,229
This estimated value is based upon the latest sale price for the house of £176,500 on 30 Aug 2006. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £176,500 | 30 Aug 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 90 sq meters or 977 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 August 2006 the House Price Index for SOUTHEND-ON-SEA was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.934%.Applying this 72.934% change to the original purchase price of £176,500 results in an estimated price of approximately £305,229.
| 30 Aug 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 149.7 | 72.934 % | £176,500 | £128,729 | £305,229 |
The Postcode Pricing Model uses changes in average sales price within the SS1 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 | 139.270 % | £245,811 | £422,311 |
| 3 Month Average | 90.414 % | £159,580 | £336,080 |
| 6 Month Average | 88.041 % | £155,393 | £331,893 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £443,632 | £430,000 | 18 VICTORIA ROAD |
| 5 Dec 2023 | £237,291 | £230,000 | 18 RETORT CLOSE |
| 24 Feb 2023 | £191,278 | £190,000 | 19 VICTORIA ROAD |
| 27 Jan 2023 | £235,630 | £235,000 | 78 RETORT CLOSE |
| 24 Nov 2022 | £222,957 | £224,000 | 13 RETORT CLOSE |
This house has a floor area of 90 sq meters or 977 sq feet when measured on 27 Aug 2009. Using an estimated price of £305,229 means this house is valued at £3,362 per sq meter (£312 per sq foot).
The average size of a house on VICTORIA ROAD is 89 sq meters (960 sq feet).