£345,946
This estimated value is based upon the latest sale price for the house of £280,000 on 1 Nov 2019. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £280,000 | 1 Nov 2019 |
| £155,000 | 29 Jun 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 100 sq meters or 1,077 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 November 2019 the House Price Index for SOUTHEND-ON-SEA was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £280,000 results in an estimated price of approximately £345,946.
| 1 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £280,000 | £65,946 | £345,946 |
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 | 21.590 % | £60,451 | £340,451 |
| 3 Month Average | 6.011 % | £16,832 | £296,832 |
| 6 Month Average | 8.688 % | £24,327 | £304,327 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £340,000 | £340,000 | 60 NORWICH AVENUE |
| 27 Mar 2023 | £277,128 | £272,500 | 81 WESTBURY ROAD |
| 9 Jan 2023 | £370,991 | £370,000 | 169 WESTBURY ROAD |
| 15 Jul 2022 | £444,453 | £440,000 | 163 WESTBURY ROAD |
| 25 Mar 2022 | £381,036 | £365,000 | 117 WESTBURY ROAD |
This house has a floor area of 100 sq meters or 1,077 sq feet when measured on 31 Dec 2010. Using an estimated price of £345,947 means this house is valued at £3,456 per sq meter (£321 per sq foot).
The average size of a house on NORWICH AVENUE is 87 sq meters (940 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Norwich Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Norwich Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Norwich Close |
| Aug 2024 | Anti-social behaviour | On or near Norwich Close | |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Norwich Close |