£150,911
This estimated value is based upon the latest sale price for the house of £112,500 on 5 Jul 2016. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £112,500 | 5 Jul 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 62 sq meters or 667 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 July 2016 the House Price Index for SOUTHEND-ON-SEA was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £112,500 results in an estimated price of approximately £150,911.
| 5 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.143 % | £112,500 | £38,411 | £150,911 |
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 | 45.623 % | £51,326 | £163,826 |
| 3 Month Average | 31.704 % | £35,666 | £148,166 |
| 6 Month Average | 35.775 % | £40,247 | £152,747 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £190,865 | £185,000 | 5 BOURNEMOUTH PARK ROAD |
| 27 Oct 2023 | £378,599 | £370,000 | 52 WIMBORNE ROAD |
| 15 Aug 2023 | £218,949 | £215,000 | FLAT 24 AXIS COURT, 343 SOUTHCHURCH ROAD |
| 26 Apr 2023 | £147,764 | £145,000 | 30 BOURNEMOUTH PARK ROAD |
| 3 Nov 2022 | £152,288 | £153,000 | 36A BOURNEMOUTH PARK ROAD |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 12 May 2020. Using an estimated price of £150,911 means this house is valued at £2,434 per sq meter (£226 per sq foot).
The average size of a house on BOURNEMOUTH PARK ROAD is 86 sq meters (926 sq feet).