£251,480
This estimated value is based upon the latest sale price for the house of £147,500 on 16 May 2011. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £147,500 | 16 May 2011 |
| £24,800 | 2 Feb 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 113 sq meters or 1,216 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 May 2011 the House Price Index for SOUTHEND-ON-SEA was 86.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 70.496%.Applying this 70.496% change to the original purchase price of £147,500 results in an estimated price of approximately £251,480.
| 16 May 2011 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 146.7 | 70.496 % | £147,500 | £103,980 | £251,480 |
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 | 76.318 % | £112,569 | £260,069 |
| 3 Month Average | 56.684 % | £83,608 | £231,108 |
| 6 Month Average | 63.773 % | £94,065 | £241,565 |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 31 Jul 2018.
The average size of a house on LONDON ROAD is 68 sq meters (734 sq feet).