£273,004
This estimated value is based upon the latest sale price for the house of £225,000 on 24 Mar 2020. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £225,000 | 24 Mar 2020 |
| £195,000 | 1 Dec 2017 |
| £36,000 | 1 Jul 1998 |
| £33,000 | 20 Sep 1996 |
| Freehold |
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 March 2020 the House Price Index for SOUTHEND-ON-SEA was 123.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.335%.Applying this 21.335% change to the original purchase price of £225,000 results in an estimated price of approximately £273,004.
| 24 Mar 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 149.7 | 21.335 % | £225,000 | £48,004 | £273,004 |
The Postcode Pricing Model uses changes in average sales price within the SS2 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 | -0.229 % | £-515 | £224,484 |
| 3 Month Average | 13.119 % | £29,517 | £254,517 |
| 6 Month Average | 23.233 % | £52,274 | £277,274 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2023 | £331,646 | £325,000 | 34 TRINITY ROAD |
| 24 Mar 2023 | £327,977 | £322,500 | 66 TRINITY ROAD |
| 10 Jan 2023 | £366,981 | £366,000 | 31 WESTBURY ROAD |
| 30 Sep 2022 | £211,858 | £212,000 | 104B TRINITY ROAD |
| 13 May 2022 | £287,490 | £280,000 | 270 CENTRAL AVENUE |