£164,970
This estimated value is based upon the latest sale price for the house of £148,000 on 27 Oct 2021. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £148,000 | 27 Oct 2021 |
| £103,000 | 11 Aug 2010 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 62 sq meters or 677 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 October 2021 the House Price Index for SOUTHEND-ON-SEA was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £148,000 results in an estimated price of approximately £164,970.
| 27 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £148,000 | £16,970 | £164,970 |
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 | -0.711 % | £-1,051 | £146,948 |
| 3 Month Average | -8.900 % | £-13,172 | £134,827 |
| 6 Month Average | 0.073 % | £107 | £148,107 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £183,127 | £177,500 | 50 SOUTH AVENUE |
| 7 Mar 2023 | £254,246 | £250,000 | 28 SOUTH AVENUE |
| 23 Sep 2022 | £344,770 | £345,000 | 35 SOUTH AVENUE |
| 31 Aug 2022 | £331,550 | £330,000 | 39 SOUTH AVENUE |
| 29 Jul 2022 | £343,441 | £340,000 | 42 CENTRAL AVENUE |
This house has a floor area of 62 sq meters or 677 sq feet when measured on 25 Sep 2009. Using an estimated price of £164,971 means this house is valued at £2,622 per sq meter (£243 per sq foot).
The average size of a house on SOUTH AVENUE is 86 sq meters (926 sq feet).