The average property value in Southend-on-Sea is £367,179 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Southend-on-Sea grew by £37,455. Compare house prices by area
Average property prices in Southend-on-Sea grew by 11.4% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.7% per year.
If prices in Southend-on-Sea continue to rise by 5.7% a year, the average property price will be £457,895 in 2025.
There were 2,924 property sales in Southend-on-Sea in the year ending June 2021, an increase of 540 when compared to the previous year.
The average price for a house in Southend-on-Sea ranges from £331,748 for a terraced house to £579,221 for a detached house, with semi-detached in between costing on average £393,065.
The average price for a flat or maisonette in Southend-on-Sea is £224,003.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Southend-on-Sea, terraced house prices have risen the most between the years ending 2011 and 2021, and detached house prices have grown the least.
Detached house prices have risen 61.4% from £358,944 to £579,221, semi-detached house prices have risen 74.3% from £225,453 to £393,065, terraced house prices have risen 80.1% from £184,216 to £331,748, and flat prices have risen 64.8% from £135,956 to £224,003.
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The most common type of property sold in Southend-on-Sea during the year ending June 2021 was semi-detached houses, which accounted for 33.8% of properties.
The least commonly available type of property sold in Southend-on-Sea were detached houses, which account for 17.5% of properties sold.
Of the properties sold in Southend-on-Sea during 2021, 1.2% were new build properties.
The average price paid for a new build property in Southend-on-Sea was £200,598 lower than the average price paid for an existing property.
Of the new build properties sold, the most common type was flats (100% of new build properties sold). For existing properties, the most common type is semi-detached houses (32% of existing properties sold).
The most common price band for property sales in Southend-on-Sea is £200k - £300k, which accounted for 18.3% of properties sold in 2021.
0.8% of properties in Southend-on-Sea had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Southend-on-Sea were in the under £50k price bracket, accounting for 0.0% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics