£325,877
This estimated value is based upon the latest sale price for the house of £320,000 on 21 Aug 2023. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £320,000 | 21 Aug 2023 |
| £325,000 | 3 Apr 2017 |
| £240,000 | 20 May 2016 |
| Terraced |
| Freehold |
| Floor Area: 45 sq meters or 484 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 August 2023 the House Price Index for SOUTHEND-ON-SEA was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £320,000 results in an estimated price of approximately £325,877.
| 21 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £320,000 | £5,877 | £325,877 |
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 | -14.035 % | £-44,912 | £275,087 |
| 3 Month Average | -0.792 % | £-2,534 | £317,465 |
| 6 Month Average | 1.287 % | £4,117 | £324,117 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £483,000 | £483,000 | 11B NEW ROAD |
| 15 Dec 2023 | £351,295 | £340,500 | 8 NEW ROAD |
| 25 Aug 2023 | £490,853 | £482,000 | 23 UTTONS AVENUE |
| 21 Aug 2023 | £325,878 | £320,000 | 27 NEW ROAD |
| 16 Jun 2023 | £459,202 | £450,000 | 27 HADLEIGH ROAD |
This house has a floor area of 45 sq meters or 484 sq feet when measured on 8 Apr 2016. Using an estimated price of £325,878 means this house is valued at £7,241 per sq meter (£672 per sq foot).
The average size of a house on NEW ROAD is 67 sq meters (731 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |