£557,015
This estimated value is based upon the latest sale price for the house of £238,000 on 1 Jul 2003. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £238,000 | 1 Jul 2003 |
| Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 July 2003 the House Price Index for SOUTHEND-ON-SEA was 64.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 134.040%.Applying this 134.040% change to the original purchase price of £238,000 results in an estimated price of approximately £557,015.
| 1 Jul 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 149.7 | 134.040 % | £238,000 | £319,015 | £557,015 |
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 | 91.360 % | £217,435 | £455,435 |
| 3 Month Average | 142.267 % | £338,596 | £576,596 |
| 6 Month Average | 154.633 % | £368,025 | £606,025 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £393,678 | £385,000 | 2 YOUNG CLOSE |
| 31 Aug 2023 | £325,878 | £320,000 | 17 LOVELL RISE |
| 31 Aug 2023 | £392,071 | £385,000 | 141 NEIL ARMSTRONG WAY |
| 16 Jun 2023 | £328,279 | £321,700 | 42 COLLINS WAY |
| 1 Apr 2022 | £352,723 | £340,000 | 5 STAFFORD CLOSE |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 18 May 2015. Using an estimated price of £557,016 means this house is valued at £5,355 per sq meter (£497 per sq foot).
The average size of a house on NEIL ARMSTRONG WAY is 114 sq meters (1,236 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Anders Fall |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Anders Fall |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Young Close |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Young Close |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Young Close |