£505,060
This estimated value is based upon the latest sale price for the house of £500,000 on 14 Jul 2022. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
There has been one burglary within the last year on or near Oakwood Avenue
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| Price Paid | Date |
|---|---|
| £500,000 | 14 Jul 2022 |
| £241,000 | 19 Aug 2014 |
| Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2022 the House Price Index for SOUTHEND-ON-SEA was 148.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.012%.Applying this 1.012% change to the original purchase price of £500,000 results in an estimated price of approximately £505,060.
| 14 Jul 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 149.7 | 1.012 % | £500,000 | £5,060 | £505,060 |
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 | -21.551 % | £-107,756 | £392,243 |
| 3 Month Average | -0.626 % | £-3,127 | £496,872 |
| 6 Month Average | -0.337 % | £-1,685 | £498,314 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £211,840 | £210,000 | 37 ORCHARD MEAD |
| 10 Nov 2023 | £543,804 | £530,000 | 51 OAKWOOD AVENUE |
| 6 Nov 2023 | £206,235 | £201,000 | 22 ORCHARD MEAD |
| 8 Sep 2023 | £170,764 | £167,000 | FLAT 3 SHIRLEY LODGE SHIRLEY ROAD |
| 30 Jun 2023 | £357,157 | £350,000 | 145 EASTWOOD ROAD NORTH |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 20 Mar 2014. Using an estimated price of £505,061 means this house is valued at £7,014 per sq meter (£651 per sq foot).
The average size of a house on OAKWOOD AVENUE is 97 sq meters (1,053 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Oakwood Avenue |
| Jun 2024 | Vehicle crime | Under investigation | On or near Oakwood Avenue |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Shirley Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Shirley Road |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Shirley Road |