£351,029
This estimated value is based upon the latest sale price for the house of £270,000 on 10 Feb 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £270,000 | 10 Feb 2017 |
| Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 February 2017 the House Price Index for MEDWAY was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £270,000 results in an estimated price of approximately £351,029.
| 10 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £270,000 | £81,029 | £351,029 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | 19.886 % | £53,693 | £323,693 |
| 3 Month Average | 17.085 % | £46,129 | £316,129 |
| 6 Month Average | 24.084 % | £65,025 | £335,025 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Mar 2024 | £263,000 | £263,000 | 109 WOODLANDS ROAD |
| 17 Aug 2023 | £262,295 | £260,000 | 51 CORNWALLIS AVENUE |
| 28 Jul 2023 | £329,434 | £325,000 | 89 WOODLANDS ROAD |
| 23 Jun 2023 | £253,065 | £250,000 | 111 WOODLANDS ROAD |
| 17 Feb 2023 | £274,815 | £275,000 | 77 WOODLANDS ROAD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 23 Sep 2016. Using an estimated price of £351,030 means this house is valued at £3,944 per sq meter (£366 per sq foot).
The average size of a house on WOODLANDS ROAD is 93 sq meters (1,006 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Woodlands Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woodlands Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Woodlands Road |
| Mar 2024 | Burglary | Under investigation | On or near Woodlands Road |