£1,540,795
This estimated value is based upon the latest sale price for the house of £320,000 on 13 Mar 1998. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £320,000 | 13 Mar 1998 |
| Semi-Detached |
| 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 March 1998 the House Price Index for MEDWAY was 31.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 381.499%.Applying this 381.499% change to the original purchase price of £320,000 results in an estimated price of approximately £1,540,795.
| 13 Mar 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.1 | 149.7 | 381.499 % | £320,000 | £1,220,795 | £1,540,795 |
The Postcode Pricing Model uses changes in average sales price within the ME3 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 | 404.217 % | £1,293,494 | £1,613,494 |
| 3 Month Average | 406.526 % | £1,300,884 | £1,620,884 |
| 6 Month Average | 406.952 % | £1,302,245 | £1,622,245 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2024 | £520,000 | £520,000 | ROWAN COTTAGE MAIN ROAD |
| 19 Dec 2023 | £316,733 | £307,000 | 195C LODGE HILL LANE |
| 17 Nov 2023 | £666,929 | £650,000 | ROUGHWAYS BARN CHATTENDEN FARM LODGE HILL LANE |
| 31 Aug 2023 | £524,459 | £515,000 | 6A PIPS VIEW MAIN ROAD |
| 1 Apr 2022 | £142,646 | £137,500 | 225 LODGE HILL LANE |