£221,628
This estimated value is based upon the latest sale price for the house of £175,000 on 15 Dec 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £175,000 | 15 Dec 2017 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 December 2017 the House Price Index for MEDWAY was 118.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.645%.Applying this 26.645% change to the original purchase price of £175,000 results in an estimated price of approximately £221,628.
| 15 Dec 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 149.7 | 26.645 % | £175,000 | £46,628 | £221,628 |
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 | 22.378 % | £39,161 | £214,161 |
| 3 Month Average | 10.762 % | £18,832 | £193,832 |
| 6 Month Average | 12.159 % | £21,278 | £196,278 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £179,055 | £177,500 | 5 VICTORIA STREET |
| 25 Mar 2024 | £126,950 | £125,000 | 76B JEFFERY STREET |
| 17 Apr 2023 | £131,459 | £129,000 | FLAT 5 ALEESHA HOUSE, 21 RAILWAY STREET |
| 11 Apr 2023 | £193,622 | £190,000 | 49 VICTORIA STREET |
| 27 Jan 2023 | £217,581 | £217,000 | 99 JEFFERY STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 30 Jan 2014. Using an estimated price of £221,628 means this house is valued at £3,517 per sq meter (£326 per sq foot).
The average size of a house on JEFFERY STREET is 70 sq meters (757 sq feet).