£156,406
This estimated value is based upon the latest sale price for the house of £123,500 on 15 Dec 2017. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £123,500 | 15 Dec 2017 |
| £94,000 | 1 Sep 2006 |
| £26,500 | 17 Apr 1998 |
| £26,500 | 30 Oct 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 34 sq meters or 365 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 December 2017 the House Price Index for SOUTHEND-ON-SEA was 118.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.645%.Applying this 26.645% change to the original purchase price of £123,500 results in an estimated price of approximately £156,406.
| 15 Dec 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 149.7 | 26.645 % | £123,500 | £32,906 | £156,406 |
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 | 55.582 % | £68,643 | £192,143 |
| 3 Month Average | 30.010 % | £37,062 | £160,562 |
| 6 Month Average | 19.988 % | £24,684 | £148,184 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £194,949 | £190,000 | FLAT 11 ROYAL COURT, 60 GUILDFORD ROAD |
| 12 Oct 2023 | £122,789 | £120,000 | FLAT 17 CENTRE REACH COLEMAN STREET |
| 20 Apr 2023 | £237,441 | £233,000 | 31 COLEMAN STREET |
| 6 Apr 2023 | £275,146 | £270,000 | 37 GUILDFORD ROAD |
| 13 Mar 2023 | £188,142 | £185,000 | 47 COLEMAN STREET |
This house has a floor area of 34 sq meters or 365 sq feet when measured on 6 Nov 2018. Using an estimated price of £156,406 means this house is valued at £4,600 per sq meter (£427 per sq foot).
The average size of a house on COLEMAN STREET is 62 sq meters (668 sq feet).