£345,713
This estimated value is based upon the latest sale price for the house of £275,000 on 15 Dec 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £275,000 | 15 Dec 2017 |
| Terraced |
| Freehold |
| Floor Area: 162 sq meters or 1,743 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 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 £275,000 results in an estimated price of approximately £345,713.
| 15 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £275,000 | £70,713 | £345,713 |
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 | 30.371 % | £83,518 | £358,518 |
| 3 Month Average | 13.907 % | £38,244 | £313,244 |
| 6 Month Average | 15.230 % | £41,882 | £316,882 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jul 2023 | £225,029 | £222,000 | 49 DUNCAN ROAD |
| 30 Jan 2023 | £159,250 | £160,000 | FIRST FLOOR FLAT 45 DUNCAN ROAD |
| 11 Aug 2022 | £304,181 | £305,000 | 7 MERLIN WAY |
| 5 May 2022 | £76,440 | £75,000 | 4 AMBER COURT, 34 BERESFORD ROAD |
| 11 Apr 2022 | £221,407 | £215,000 | 70 GILLINGHAM ROAD |
This house has a floor area of 162 sq meters or 1,743 sq feet when measured on 16 Sep 2017. Using an estimated price of £345,714 means this house is valued at £2,134 per sq meter (£198 per sq foot).
The average size of a house on GILLINGHAM ROAD is 79 sq meters (860 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Gillingham Road | |
| Jan 2024 | Anti-social behaviour | On or near Gillingham Road | |
| Jan 2024 | Anti-social behaviour | On or near Gillingham Road | |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Merlin Way |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merlin Way |