£214,628
This estimated value is based upon the latest sale price for the house of £65,000 on 21 Sep 2001. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £65,000 | 21 Sep 2001 |
| £31,600 | 17 Apr 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 September 2001 the House Price Index for SOUTHEND-ON-SEA was 45.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 230.197%.Applying this 230.197% change to the original purchase price of £65,000 results in an estimated price of approximately £214,628.
| 21 Sep 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.3 | 149.7 | 230.197 % | £65,000 | £149,628 | £214,628 |
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 | 275.848 % | £179,300 | £244,300 |
| 3 Month Average | 269.085 % | £174,905 | £239,905 |
| 6 Month Average | 292.530 % | £190,144 | £255,144 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £216,657 | £210,000 | FLAT 6 TRINITY LODGE TRINITY ROAD |
| 18 Oct 2023 | £193,392 | £189,000 | 345 CENTRAL AVENUE |
| 23 Jun 2023 | £326,544 | £320,000 | 341 CENTRAL AVENUE |
| 17 Feb 2023 | £364,938 | £362,500 | 316 SOUTH AVENUE |
| 13 Jul 2022 | £262,632 | £260,000 | 337 CENTRAL AVENUE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 17 Nov 2016. Using an estimated price of £214,628 means this house is valued at £3,902 per sq meter (£362 per sq foot).
The average size of a house on SOUTH AVENUE is 86 sq meters (926 sq feet).