£150,731
This estimated value is based upon the latest sale price for the house of £59,000 on 12 Dec 2002. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £59,000 | 12 Dec 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 38 sq meters or 412 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 December 2002 the House Price Index for SOUTHEND-ON-SEA was 58.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 155.477%.Applying this 155.477% change to the original purchase price of £59,000 results in an estimated price of approximately £150,731.
| 12 Dec 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 58.6 | 149.7 | 155.477 % | £59,000 | £91,731 | £150,731 |
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 | 196.415 % | £115,884 | £174,884 |
| 3 Month Average | 160.719 % | £94,824 | £153,824 |
| 6 Month Average | 191.715 % | £113,112 | £172,112 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jun 2024 | £315,000 | £315,000 | 104 WENHAM DRIVE |
| 15 Dec 2023 | £345,620 | £335,000 | 106 WENHAM DRIVE |
| 12 Oct 2023 | £296,740 | £290,000 | 62 WENHAM DRIVE |
| 18 Sep 2023 | £334,882 | £327,500 | 137 SILVERDALE AVENUE |
| 23 Jun 2023 | £173,476 | £170,000 | 138 SILVERDALE AVENUE |
This house has a floor area of 38 sq meters or 412 sq feet when measured on 11 Aug 2010. Using an estimated price of £150,731 means this house is valued at £3,935 per sq meter (£365 per sq foot).
The average size of a house on SILVERDALE AVENUE is 86 sq meters (926 sq feet).