£302,017
This estimated value is based upon the latest sale price for the house of £300,000 on 24 Feb 2023. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £300,000 | 24 Feb 2023 |
| £254,000 | 23 Aug 2018 |
| £143,000 | 15 Jul 2005 |
| £69,995 | 30 Mar 2001 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 February 2023 the House Price Index for SOUTHEND-ON-SEA was 148.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.672%.Applying this 0.672% change to the original purchase price of £300,000 results in an estimated price of approximately £302,017.
| 24 Feb 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 149.7 | 0.672 % | £300,000 | £2,017 | £302,017 |
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 | 37.764 % | £113,292 | £413,292 |
| 3 Month Average | -11.746 % | £-35,237 | £264,762 |
| 6 Month Average | -6.220 % | £-18,660 | £281,339 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £200,000 | £200,000 | FLAT 1 25 CENTRAL AVENUE |
| 11 Dec 2023 | £183,127 | £177,500 | 50 SOUTH AVENUE |
| 18 Aug 2023 | £347,772 | £341,500 | 78 CENTRAL AVENUE |
| 24 Feb 2023 | £302,017 | £300,000 | 58 CENTRAL AVENUE |
| 23 Sep 2022 | £344,770 | £345,000 | 35 SOUTH AVENUE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 14 Jun 2016. Using an estimated price of £302,017 means this house is valued at £3,638 per sq meter (£338 per sq foot).
The average size of a house on CENTRAL AVENUE is 80 sq meters (864 sq feet).