£373,885
This estimated value is based upon the latest sale price for the house of £77,000 on 28 Nov 1997. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £77,000 | 28 Nov 1997 |
| Detached |
| Freehold |
| Floor Area: 143 sq meters or 1,539 sq feet |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in November 1997 the House Price Index for ESSEX was 30.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 385.566%.Applying this 385.566% change to the original purchase price of £77,000 results in an estimated price of approximately £373,885.
| 28 Nov 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.2 | 146.7 | 385.566 % | £77,000 | £296,885 | £373,885 |
The Postcode Pricing Model uses changes in average sales price within the SS8 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 | 407.317 % | £313,633 | £390,633 |
| 3 Month Average | 391.941 % | £301,794 | £378,794 |
| 6 Month Average | 425.020 % | £327,265 | £404,265 |
This house has a floor area of 143 sq meters or 1,539 sq feet when measured on 18 Sep 2018.
The average size of a house on SOUTHWICK ROAD is 93 sq meters (1,006 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hayes Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Green Lane |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Green Lane |
| Mar 2024 | Anti-social behaviour | On or near Matlock Road | |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Matlock Road |