£247,617
This estimated value is based upon the latest sale price for the house of £251,500 on 16 Aug 2022. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £251,500 | 16 Aug 2022 |
| £216,000 | 5 Dec 2017 |
| £128,000 | 15 Feb 2005 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 August 2022 the House Price Index for MEDWAY was 149.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.544%.Applying this -1.544% change to the original purchase price of £251,500 results in an estimated price of approximately £247,617.
| 16 Aug 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 146.7 | -1.544 % | £251,500 | £-3,882 | £247,617 |
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 | -23.776 % | £-59,796 | £191,703 |
| 3 Month Average | -15.025 % | £-37,789 | £213,710 |
| 6 Month Average | -3.737 % | £-9,397 | £242,102 |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 12 Jan 2016.
The average size of a house on RICHMOND ROAD is 76 sq meters (819 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Richmond Road |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Richmond Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Devonshire Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Devonshire Road |