£216,697
This estimated value is based upon the latest sale price for the house of £182,500 on 1 Sep 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £182,500 | 1 Sep 2020 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 September 2020 the House Price Index for MEDWAY was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £182,500 results in an estimated price of approximately £216,697.
| 1 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.6 | 18.738 % | £182,500 | £34,197 | £216,697 |
The Postcode Pricing Model uses changes in average sales price within the ME4 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 | -13.865 % | £-25,303 | £157,196 |
| 3 Month Average | 18.095 % | £33,023 | £215,523 |
| 6 Month Average | 14.421 % | £26,319 | £208,819 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £233,456 | £230,000 | 35 ORDNANCE STREET |
| 29 Jun 2023 | £339,108 | £335,000 | 48 ROCHESTER STREET |
| 7 Jun 2023 | £391,745 | £387,000 | 17 ORDNANCE TERRACE |
| 28 Feb 2023 | £259,825 | £260,000 | 15 NEW STREET |
| 1 Sep 2022 | £190,462 | £192,000 | 14 CHILHAM CLOSE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 1 Aug 2014. Using an estimated price of £216,697 means this house is valued at £2,708 per sq meter (£251 per sq foot).
The average size of a house on ORDNANCE STREET is 95 sq meters (1,024 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near New Street | |
| Feb 2024 | Anti-social behaviour | On or near New Street | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ordnance Terrace |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ordnance Terrace |
| Mar 2024 | Criminal damage and arson | Offender given a caution | On or near Ordnance Terrace |