£206,795
This estimated value is based upon the latest sale price for the house of £125,000 on 19 Jan 2007. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £125,000 | 19 Jan 2007 |
| £52,500 | 9 Jun 2000 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 781 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 January 2007 the House Price Index for MEDWAY was 90.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 65.436%.Applying this 65.436% change to the original purchase price of £125,000 results in an estimated price of approximately £206,795.
| 19 Jan 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.5 | 149.7 | 65.436 % | £125,000 | £81,795 | £206,795 |
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 | 41.555 % | £51,943 | £176,943 |
| 3 Month Average | 49.791 % | £62,239 | £187,239 |
| 6 Month Average | 74.919 % | £93,648 | £218,648 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Oct 2023 | £127,905 | £125,000 | 17A SOUTHILL ROAD |
| 7 Jun 2023 | £163,272 | £160,000 | 23 SOUTHILL ROAD |
| 12 Apr 2023 | £219,098 | £215,000 | 24 SOUTHILL ROAD |
| 31 Jan 2023 | £200,536 | £200,000 | 8 SOUTHILL ROAD |
| 24 Jan 2023 | £195,522 | £195,000 | 5 ARMADA WAY |
This house has a floor area of 72 sq meters or 781 sq feet when measured on 15 Jan 2009. Using an estimated price of £206,795 means this house is valued at £2,849 per sq meter (£264 per sq foot).
The average size of a house on MOUNT ROAD is 82 sq meters (888 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Drugs | Investigation complete; no suspect identified | On or near Mount Road |
| Apr 2024 | Vehicle crime | Unable to prosecute suspect | On or near Mount Road |
| Apr 2024 | Other theft | Unable to prosecute suspect | On or near Mount Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mount Road |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Mount Road |