£281,520
This estimated value is based upon the latest sale price for the house of £169,995 on 9 Sep 2013. This value is then adjusted by the current Official House Price Index for ESSEX 1
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44 Southernhay, Basildon, SS14 1ET
Phone: 01268810663
Price Paid | Date |
---|---|
£169,995 | 9 Sep 2013 |
£165,000 | 17 Jan 2011 |
Flats/Maisonettes |
Leasehold |
Floor Area: 66 sq meters or 710 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 September 2013 the House Price Index for ESSEX was 90.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 65.605%.Applying this 65.605% change to the original purchase price of £169,995 results in an estimated price of approximately £281,520.
9 Sep 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
90.4 | 149.7 | 65.605 % | £169,995 | £111,525 | £281,520 |
The Postcode Pricing Model uses changes in average sales price within the SS16 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 | 158.586 % | £269,588 | £439,583 |
3 Month Average | 80.977 % | £137,656 | £307,651 |
6 Month Average | 85.315 % | £145,031 | £315,026 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Sep 2023 | £245,410 | £240,000 | 119 CHERRYDOWN EAST |
25 Aug 2023 | £190,435 | £187,000 | 347 CHERRYDOWN EAST |
31 Mar 2023 | £244,076 | £240,000 | 249 CHERRYDOWN EAST |
4 Jun 2021 | £154,023 | £142,500 | 265 CHERRYDOWN EAST |
19 Nov 2019 | £226,101 | £183,000 | 221 CHERRYDOWN EAST |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 30 Apr 2013. Using an estimated price of £281,520 means this house is valued at £4,265 per sq meter (£396 per sq foot).
The average size of a house on CHERRYDOWN EAST is 58 sq meters (634 sq feet).