£220,947
This estimated value is based upon the latest sale price for the house of £132,000 on 6 Mar 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 |
|---|---|
| £132,000 | 6 Mar 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 March 2013 the House Price Index for ESSEX was 88.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.384%.Applying this 67.384% change to the original purchase price of £132,000 results in an estimated price of approximately £220,947.
| 6 Mar 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 148.6 | 67.384 % | £132,000 | £88,947 | £220,947 |
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 | 9.677 % | £12,773 | £144,773 |
| 3 Month Average | 88.306 % | £116,564 | £248,564 |
| 6 Month Average | 81.444 % | £107,505 | £239,505 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £188,650 | £187,000 | 347 CHERRYDOWN EAST |
| 31 Mar 2023 | £242,283 | £240,000 | 249 CHERRYDOWN EAST |
| 4 Jun 2021 | £152,892 | £142,500 | 265 CHERRYDOWN EAST |
| 23 Mar 2020 | £204,754 | £170,000 | 173 CHERRYDOWN EAST |
| 19 Nov 2019 | £224,440 | £183,000 | 221 CHERRYDOWN EAST |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 27 Apr 2012. Using an estimated price of £220,947 means this house is valued at £4,418 per sq meter (£410 per sq foot).
The average size of a house on CHERRYDOWN EAST is 58 sq meters (634 sq feet).