£437,490
This estimated value is based upon the latest sale price for the house of £350,000 on 31 Jan 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £350,000 | 31 Jan 2018 |
| Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 2018 the House Price Index for MEDWAY was 118.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 24.997%.Applying this 24.997% change to the original purchase price of £350,000 results in an estimated price of approximately £437,490.
| 31 Jan 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.0 | 24.997 % | £350,000 | £87,490 | £437,490 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 111.215 % | £389,251 | £739,251 |
| 3 Month Average | 18.420 % | £64,471 | £414,471 |
| 6 Month Average | 15.814 % | £55,347 | £405,347 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £459,796 | £457,000 | 96 WIGMORE ROAD |
| 11 Aug 2023 | £296,805 | £295,000 | 56 FAIRVIEW AVENUE |
| 24 Mar 2023 | £402,174 | £400,000 | 71 WIGMORE ROAD |
| 14 Feb 2023 | £510,087 | £512,500 | 58 FAIRVIEW AVENUE |
| 15 Aug 2022 | £410,725 | £413,500 | 32 NORMAN CLOSE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 28 Sep 2017. Using an estimated price of £437,491 means this house is valued at £5,833 per sq meter (£541 per sq foot).
The average size of a house on WIGMORE ROAD is 124 sq meters (1,337 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Norman Close |