£242,222
This estimated value is based upon the latest sale price for the house of £193,000 on 26 Jan 2018. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £193,000 | 26 Jan 2018 |
| £120,000 | 19 Aug 2013 |
| £116,999 | 24 Feb 2006 |
| £102,995 | 23 Jul 2004 |
| £79,000 | 21 Aug 2003 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 54 sq meters or 581 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 January 2018 the House Price Index for SOUTHEND-ON-SEA was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £193,000 results in an estimated price of approximately £242,222.
| 26 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £193,000 | £49,222 | £242,222 |
The Postcode Pricing Model uses changes in average sales price within the SS0 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 | -6.835 % | £-13,191 | £179,808 |
| 3 Month Average | 5.698 % | £10,997 | £203,997 |
| 6 Month Average | 9.634 % | £18,593 | £211,593 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £356,233 | £350,000 | 48 ROCHFORD AVENUE |
| 14 Dec 2023 | £308,396 | £303,000 | 27 RAYLEIGH AVENUE |
| 1 Jun 2023 | £374,537 | £370,000 | 25 RAYLEIGH AVENUE |
| 12 Apr 2022 | £329,536 | £320,000 | 150 WEST ROAD |
| 7 Oct 2021 | £304,281 | £275,000 | 34 RAYLEIGH AVENUE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 9 Feb 2013. Using an estimated price of £242,223 means this house is valued at £4,485 per sq meter (£416 per sq foot).
The average size of a house on RAYLEIGH AVENUE is 86 sq meters (931 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rayleigh Avenue |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rayleigh Avenue |
| Mar 2024 | Anti-social behaviour | On or near Rayleigh Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Rayleigh Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Rayleigh Avenue |