£372,992
This estimated value is based upon the latest sale price for the house of £115,000 on 31 Oct 2001. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £115,000 | 31 Oct 2001 |
| Terraced |
| Freehold |
| Floor Area: 123 sq meters or 1,332 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 October 2001 the House Price Index for SOUTHEND-ON-SEA was 45.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 224.341%.Applying this 224.341% change to the original purchase price of £115,000 results in an estimated price of approximately £372,992.
| 31 Oct 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 148.6 | 224.341 % | £115,000 | £257,992 | £372,992 |
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 | 270.807 % | £311,428 | £426,428 |
| 3 Month Average | 214.899 % | £247,134 | £362,134 |
| 6 Month Average | 244.909 % | £281,645 | £396,645 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £245,292 | £241,000 | 152 FAIRMEAD AVENUE |
| 3 Apr 2023 | £85,925 | £85,000 | FLAT 5 75 FAIRMEAD AVENUE |
| 27 Mar 2023 | £262,473 | £260,000 | 48 FAIRMEAD AVENUE |
| 7 Feb 2023 | £5,996 | £6,000 | 348 WESTBOROUGH ROAD |
| 18 Jan 2023 | £452,867 | £455,000 | 9 FAIRMEAD AVENUE |
This house has a floor area of 123 sq meters or 1,332 sq feet when measured on 28 Sep 2009. Using an estimated price of £372,992 means this house is valued at £3,012 per sq meter (£279 per sq foot).
The average size of a house on FAIRMEAD AVENUE is 87 sq meters (946 sq feet).