£361,146
This estimated value is based upon the latest sale price for the house of £245,000 on 6 Mar 2015. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £245,000 | 6 Mar 2015 |
| Terraced |
| Freehold |
| Floor Area: 121 sq meters or 1,302 sq feet |
This model uses changes in the Official Land Registry House Price Index for MEDWAY to estimate the market value.
When this house was purchased in March 2015 the House Price Index for MEDWAY was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £245,000 results in an estimated price of approximately £361,146.
| 6 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.6 | 47.407 % | £245,000 | £116,146 | £361,146 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | 104.690 % | £256,489 | £501,489 |
| 3 Month Average | 39.600 % | £97,019 | £342,019 |
| 6 Month Average | 65.540 % | £160,573 | £405,573 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2022 | £383,966 | £385,000 | 29 MONTROSE AVENUE |
| 29 Apr 2022 | £381,026 | £370,000 | 119 WATLING STREET |
| 13 Apr 2022 | £381,026 | £370,000 | 18 BEECHWOOD AVENUE |
| 25 Mar 2022 | £383,417 | £370,000 | 46 MONTROSE AVENUE |
| 18 Mar 2022 | £430,049 | £415,000 | 3 MONTROSE AVENUE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 26 Aug 2014. Using an estimated price of £361,147 means this house is valued at £2,984 per sq meter (£277 per sq foot).
The average size of a house on MONTROSE AVENUE is 105 sq meters (1,131 sq feet).
This house is the largest in the street with a floor area of 121 sq meters (1,302 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Osprey Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Osprey Avenue | |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Montrose Avenue |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Watling Street |
| Mar 2024 | Drugs | Unable to prosecute suspect | On or near Cleave Road |