£199,105
This estimated value is based upon the latest sale price for the house of £160,000 on 15 Feb 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £160,000 | 15 Feb 2019 |
| £110,000 | 1 Apr 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 2019 the House Price Index for MEDWAY was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £160,000 results in an estimated price of approximately £199,105.
| 15 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.441 % | £160,000 | £39,105 | £199,105 |
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 | 12.346 % | £19,754 | £179,754 |
| 3 Month Average | 2.537 % | £4,059 | £164,059 |
| 6 Month Average | 12.341 % | £19,745 | £179,745 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jun 2024 | £620,000 | £620,000 | 12 ORDNANCE TERRACE |
| 17 Oct 2023 | £225,113 | £220,000 | FLAT 8 ALBANY HOUSE ALBANY TERRACE |
| 10 Feb 2023 | £339,266 | £337,000 | 4 CRESSEY COURT |
| 20 Jul 2022 | £208,085 | £206,000 | FLAT 9 ALBANY HOUSE ALBANY TERRACE |
| 1 Jul 2022 | £166,670 | £165,000 | FLAT 6 ALBANY HOUSE ALBANY TERRACE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 14 Oct 2013. Using an estimated price of £199,106 means this house is valued at £3,555 per sq meter (£330 per sq foot).
The average size of a house on ALBANY TERRACE is 87 sq meters (940 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Local resolution | On or near Albany Terrace |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lumsden Terrace |
| Oct 2024 | Other theft | Under investigation | On or near Parking Area |
| Sep 2024 | Anti-social behaviour | On or near Parking Area | |
| Sep 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Parking Area |