£353,913
This estimated value is based upon the latest sale price for the house of £335,000 on 4 Feb 2022. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £335,000 | 4 Feb 2022 |
| £156,500 | 30 Aug 2005 |
| £92,500 | 5 Feb 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 69 sq meters or 742 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 February 2022 the House Price Index for SOUTHEND-ON-SEA was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £335,000 results in an estimated price of approximately £353,913.
| 4 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £335,000 | £18,913 | £353,913 |
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 | -19.301 % | £-64,657 | £270,342 |
| 3 Month Average | -6.822 % | £-22,852 | £312,147 |
| 6 Month Average | -2.621 % | £-8,781 | £326,218 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jan 2023 | £180,482 | £180,000 | 7A NELSON DRIVE |
| 16 Aug 2022 | £620,903 | £618,000 | 7 WOODFIELD ROAD |
| 31 May 2022 | £434,315 | £423,000 | 4 HILLSIDE CRESCENT |
| 22 Apr 2022 | £311,227 | £300,000 | 188A LEIGH ROAD |
| 24 Feb 2022 | £649,721 | £615,000 | 9 WOODFIELD ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 15 Sep 2021. Using an estimated price of £353,913 means this house is valued at £5,129 per sq meter (£476 per sq foot).
The average size of a house on NELSON DRIVE is 106 sq meters (1,150 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Nelson Drive |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Nelson Drive |