£257,713
This estimated value is based upon the latest sale price for the house of £205,000 on 5 Dec 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £205,000 | 5 Dec 2017 |
| Freehold |
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 December 2017 the House Price Index for MEDWAY was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £205,000 results in an estimated price of approximately £257,713.
| 5 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £205,000 | £52,713 | £257,713 |
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 | 5.668 % | £11,619 | £216,619 |
| 3 Month Average | 9.688 % | £19,860 | £224,860 |
| 6 Month Average | 10.725 % | £21,985 | £226,985 |
| 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 |