£336,824
This estimated value is based upon the latest sale price for the house of £225,000 on 28 Jan 2015. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £225,000 | 28 Jan 2015 |
| £150,995 | 9 Mar 2004 |
| £79,995 | 11 Apr 2001 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 2015 the House Price Index for SOUTHEND-ON-SEA was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £225,000 results in an estimated price of approximately £336,824.
| 28 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 149.7 | 49.700 % | £225,000 | £111,824 | £336,824 |
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 | 77.846 % | £175,152 | £400,152 |
| 3 Month Average | 48.349 % | £108,784 | £333,784 |
| 6 Month Average | 56.546 % | £127,227 | £352,227 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jun 2024 | £315,000 | £315,000 | 104 WENHAM DRIVE |
| 15 Dec 2023 | £345,620 | £335,000 | 106 WENHAM DRIVE |
| 12 Oct 2023 | £296,740 | £290,000 | 62 WENHAM DRIVE |
| 18 Sep 2023 | £334,882 | £327,500 | 137 SILVERDALE AVENUE |
| 23 Jun 2023 | £173,476 | £170,000 | 138 SILVERDALE AVENUE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 1 Mar 2017. Using an estimated price of £336,825 means this house is valued at £3,302 per sq meter (£306 per sq foot).
The average size of a house on SILVERDALE AVENUE is 86 sq meters (926 sq feet).