£173,786
This estimated value is based upon the latest sale price for the house of £37,500 on 4 Nov 1998. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £37,500 | 4 Nov 1998 |
| Terraced |
| Freehold |
| Floor Area: 58 sq meters or 634 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 November 1998 the House Price Index for SOUTHEND-ON-SEA was 32.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 363.431%.Applying this 363.431% change to the original purchase price of £37,500 results in an estimated price of approximately £173,786.
| 4 Nov 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 148.6 | 363.431 % | £37,500 | £136,286 | £173,786 |
The Postcode Pricing Model uses changes in average sales price within the SS1 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 | 383.936 % | £143,976 | £181,476 |
| 3 Month Average | 330.735 % | £124,025 | £161,525 |
| 6 Month Average | 343.052 % | £128,644 | £166,144 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £122,567 | £121,000 | FLAT 12 LAURISTON PLACE, 150 SOUTHCHURCH AVENUE |
| 25 Sep 2023 | £240,576 | £237,500 | FLAT 61 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
| 28 Apr 2023 | £207,231 | £205,000 | FLAT 83 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
| 10 Feb 2023 | £244,835 | £245,000 | FLAT 62 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
| 25 Jan 2023 | £237,879 | £239,000 | FLAT 1 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
This house has a floor area of 58 sq meters or 634 sq feet when measured on 9 Jul 2010. Using an estimated price of £173,786 means this house is valued at £2,948 per sq meter (£273 per sq foot).
The average size of a house on SOUTHCHURCH ROAD is 61 sq meters (666 sq feet).