£239,640
This estimated value is based upon the latest sale price for the house of £239,000 on 25 Jan 2023. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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Price Paid | Date |
---|---|
£239,000 | 25 Jan 2023 |
£183,000 | 28 Jul 2016 |
Flats/Maisonettes |
Leasehold |
Floor Area: 69 sq meters or 742 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 2023 the House Price Index for SOUTHEND-ON-SEA was 149.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.268%.Applying this 0.268% change to the original purchase price of £239,000 results in an estimated price of approximately £239,640.
25 Jan 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
149.3 | 149.7 | 0.268 % | £239,000 | £640 | £239,640 |
The Postcode Pricing Model uses changes in average sales price within the SS1 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 | 27.476 % | £65,666 | £304,666 |
3 Month Average | 15.435 % | £36,888 | £275,888 |
6 Month Average | 4.801 % | £11,475 | £250,475 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 May 2024 | £227,000 | £227,000 | FLAT 50 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
25 Sep 2023 | £242,853 | £237,500 | FLAT 61 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
28 Apr 2023 | £196,169 | £192,500 | FLAT 24 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
28 Apr 2023 | £208,907 | £205,000 | FLAT 83 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
10 Feb 2023 | £246,648 | £245,000 | FLAT 62 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 14 Jul 2016. Using an estimated price of £239,640 means this house is valued at £3,473 per sq meter (£322 per sq foot).
The average size of a house on SOUTHCHURCH AVENUE is 64 sq meters (698 sq feet).