£229,747
This estimated value is based upon the latest sale price for the house of £215,000 on 28 Jun 2021. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £215,000 | 28 Jun 2021 |
| £97,000 | 28 Aug 2015 |
| £250,000 | 12 Jun 2007 |
| £125,000 | 23 Dec 1999 |
| Detached |
| Freehold |
| Floor Area: 38 sq meters or 409 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 June 2021 the House Price Index for SOUTHEND-ON-SEA was 138.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.859%.Applying this 6.859% change to the original purchase price of £215,000 results in an estimated price of approximately £229,747.
| 28 Jun 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.0 | 6.859 % | £215,000 | £14,747 | £229,747 |
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 | -19.383 % | £-41,673 | £173,326 |
| 3 Month Average | -2.273 % | £-4,887 | £210,112 |
| 6 Month Average | -6.557 % | £-14,097 | £200,902 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Apr 2024 | £139,995 | £139,995 | FLAT 5 ELIZABETH HOUSE, 314 - 320 RAYLEIGH ROAD |
| 22 Nov 2023 | £106,366 | £105,000 | FLAT 106 ELIZABETH HOUSE, 314 - 320 RAYLEIGH ROAD |
| 31 Aug 2023 | £105,642 | £105,000 | FLAT 118 ELIZABETH HOUSE, 314 - 320 RAYLEIGH ROAD |
| 4 Aug 2023 | £115,704 | £115,000 | FLAT 3 ELIZABETH HOUSE, 314 - 320 RAYLEIGH ROAD |
| 23 Jun 2023 | £114,932 | £114,000 | FLAT 2 ELIZABETH HOUSE, 314 - 320 RAYLEIGH ROAD |
This house has a floor area of 38 sq meters or 409 sq feet when measured on 24 May 2016. Using an estimated price of £229,747 means this house is valued at £6,045 per sq meter (£561 per sq foot).
The average size of a house on RAYLEIGH ROAD is 89 sq meters (959 sq feet).
This house is the smallest in the street with a floor area of 38 sq meters (409 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Maze |
| Apr 2024 | Anti-social behaviour | On or near The Maze | |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Steeplefield |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Dandies Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parking Area |