£295,973
This estimated value is based upon the latest sale price for the house of £82,500 on 19 Jan 2001. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £82,500 | 19 Jan 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 699 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 2001 the House Price Index for SOUTHEND-ON-SEA was 41.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 258.756%.Applying this 258.756% change to the original purchase price of £82,500 results in an estimated price of approximately £295,973.
| 19 Jan 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 41.7 | 149.7 | 258.756 % | £82,500 | £213,473 | £295,973 |
The Postcode Pricing Model uses changes in average sales price within the SS9 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 | 276.251 % | £227,907 | £310,407 |
| 3 Month Average | 279.980 % | £230,983 | £313,483 |
| 6 Month Average | 293.234 % | £241,918 | £324,418 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 May 2024 | £315,000 | £315,000 | 6 STIRLING HALL, 11 - 13 ELM ROAD |
| 26 Aug 2022 | £472,208 | £470,000 | 8 PLEASANT TERRACE |
| 24 May 2022 | £369,630 | £360,000 | 47A BROADWAY WEST |
| 20 May 2022 | £251,553 | £245,000 | 117A BROADWAY WEST |
| 1 Mar 2022 | £208,787 | £200,000 | 80 RECTORY GROVE |
This house has a floor area of 64 sq meters or 699 sq feet when measured on 5 Nov 2009. Using an estimated price of £295,974 means this house is valued at £4,557 per sq meter (£423 per sq foot).
The average size of a house on BROADWAY WEST is 75 sq meters (814 sq feet).