£126,923
This estimated value is based upon the latest sale price for the house of £103,000 on 13 Nov 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £103,000 | 13 Nov 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 505 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 November 2018 the House Price Index for MEDWAY was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £103,000 results in an estimated price of approximately £126,923.
| 13 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £103,000 | £23,923 | £126,923 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | -8.990 % | £-9,259 | £93,740 |
| 3 Month Average | 0.051 % | £52 | £103,052 |
| 6 Month Average | 17.514 % | £18,039 | £121,039 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jan 2023 | £238,875 | £240,000 | 184 LUTON ROAD |
| 8 Jul 2022 | £227,613 | £227,000 | 225 LUTON ROAD |
| 26 May 2022 | £194,668 | £191,000 | 8 GRANGE HILL |
| 22 Dec 2021 | £202,490 | £189,000 | 11 GRANGE HILL |
| 2 Nov 2021 | £189,535 | £175,250 | 13 GRANGE HILL |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 23 Aug 2017. Using an estimated price of £126,923 means this house is valued at £2,700 per sq meter (£250 per sq foot).
The average size of a house on CONSTITUTION ROAD is 76 sq meters (819 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Under investigation | On or near Ocelot Court |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ocelot Court |
| Jan 2024 | Anti-social behaviour | On or near Ocelot Court | |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Ocelot Court |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ocelot Court |