£174,234
This estimated value is based upon the latest sale price for the house of £140,000 on 29 Mar 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 |
|---|---|
| £140,000 | 29 Mar 2019 |
| £112,500 | 17 Aug 2004 |
| £72,500 | 19 Jul 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 March 2019 the House Price Index for SOUTHEND-ON-SEA was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.453%.Applying this 24.453% change to the original purchase price of £140,000 results in an estimated price of approximately £174,234.
| 29 Mar 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.453 % | £140,000 | £34,234 | £174,234 |
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 | 12.745 % | £17,843 | £157,843 |
| 3 Month Average | 7.921 % | £11,089 | £151,089 |
| 6 Month Average | 11.756 % | £16,458 | £156,458 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £183,127 | £177,500 | 50 SOUTH AVENUE |
| 25 Oct 2023 | £184,183 | £180,000 | 182 SUTTON ROAD |
| 25 Oct 2023 | £153,486 | £150,000 | 51 SUTTON ROAD |
| 10 Mar 2023 | £4,479,305 | £4,404,500 | 57 SUTTON ROAD |
| 2 Nov 2022 | £591,235 | £594,000 | 53 - 57 SUTTON ROAD |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 14 Dec 2018. Using an estimated price of £174,235 means this house is valued at £3,226 per sq meter (£299 per sq foot).
The average size of a house on SOUTH AVENUE is 86 sq meters (926 sq feet).