£217,193
This estimated value is based upon the latest sale price for the house of £140,000 on 8 Nov 2007. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £140,000 | 8 Nov 2007 |
| £139,400 | 11 May 2007 |
| £100,000 | 30 Apr 2002 |
| £80,000 | 1 Nov 2000 |
| £78,000 | 7 Jan 2000 |
| £45,000 | 28 Nov 1997 |
| Detached |
| Freehold |
| Floor Area: 74 sq meters or 805 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 November 2007 the House Price Index for KENT was 95.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.138%.Applying this 55.138% change to the original purchase price of £140,000 results in an estimated price of approximately £217,193.
| 8 Nov 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.8 | 148.6 | 55.138 % | £140,000 | £77,193 | £217,193 |
The Postcode Pricing Model uses changes in average sales price within the CT9 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 | 27.371 % | £38,319 | £178,319 |
| 3 Month Average | 46.411 % | £64,975 | £204,975 |
| 6 Month Average | 52.095 % | £72,933 | £212,933 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £532,889 | £525,000 | 25 FARLEY ROAD |
| 20 Nov 2023 | £319,734 | £315,000 | 53 ELMLEY WAY |
| 11 Jul 2023 | £248,342 | £245,000 | 267 RAMSGATE ROAD |
| 24 Feb 2023 | £284,808 | £285,000 | 259 RAMSGATE ROAD |
| 3 Nov 2022 | £247,008 | £250,000 | 7 CHAPEL HILL CLOSE |
This house has a floor area of 74 sq meters or 805 sq feet when measured on 26 Aug 2010. Using an estimated price of £217,194 means this house is valued at £2,901 per sq meter (£269 per sq foot).
The average size of a house on RAMSGATE ROAD is 100 sq meters (1,081 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Farley Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Farley Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Nash Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Nash Lane |
| Mar 2024 | Bicycle theft | Unable to prosecute suspect | On or near Dene Walk |