£541,448
This estimated value is based upon the latest sale price for the house of £440,000 on 6 Aug 2019. This value is then adjusted by the current Official House Price Index for KENT 1
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Price Paid | Date |
---|---|
£440,000 | 6 Aug 2019 |
£173,000 | 12 Apr 2002 |
£90,000 | 12 Sep 2000 |
£88,000 | 18 Aug 1995 |
Leasehold |
Floor Area: 154 sq meters or 1,657 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in August 2019 the House Price Index for KENT was 120.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.056%.Applying this 23.056% change to the original purchase price of £440,000 results in an estimated price of approximately £541,448.
6 Aug 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.8 | 148.6 | 23.056 % | £440,000 | £101,448 | £541,448 |
The Postcode Pricing Model uses changes in average sales price within the ME1 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 | -16.166 % | £-71,131 | £368,868 |
3 Month Average | 10.679 % | £46,988 | £486,988 |
6 Month Average | 14.627 % | £64,357 | £504,357 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £131,954 | £130,000 | 32 ROCHESTER GATE |
4 Nov 2022 | £143,265 | £145,000 | 21 ROCHESTER GATE |
19 Apr 2022 | £183,304 | £178,000 | FLAT 2 PICKWICK PLACE, 34 THE TERRACE |
14 Apr 2022 | £175,066 | £170,000 | FLAT B 2 - 6 VICTORIA STREET |
8 Apr 2022 | £218,317 | £212,000 | FLAT 7 FARADAY HOUSE HIGH STREET |
This house has a floor area of 154 sq meters or 1,657 sq feet when measured on 16 Jan 2019. Using an estimated price of £541,449 means this house is valued at £3,515 per sq meter (£326 per sq foot).
The average size of a house on HIGH STREET is 75 sq meters (816 sq feet).