£523,333
This estimated value is based upon the latest sale price for the house of £340,000 on 25 Jul 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £340,000 | 25 Jul 2014 |
| £326,500 | 20 Apr 2011 |
| £230,000 | 24 Apr 2002 |
| Terraced |
| Freehold |
| Floor Area: 138 sq meters or 1,492 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 July 2014 the House Price Index for MEDWAY was 97.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 53.921%.Applying this 53.921% change to the original purchase price of £340,000 results in an estimated price of approximately £523,333.
| 25 Jul 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 149.7 | 53.921 % | £340,000 | £183,333 | £523,333 |
The Postcode Pricing Model uses changes in average sales price within the ME1 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 | 56.167 % | £190,966 | £530,966 |
| 3 Month Average | 85.859 % | £291,919 | £631,919 |
| 6 Month Average | 67.758 % | £230,378 | £570,378 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £644,908 | £635,000 | 11 ETHELBERT ROAD |
| 11 Oct 2023 | £306,972 | £300,000 | 6 MITRE ROAD |
| 20 Feb 2023 | £468,127 | £465,000 | 7 HORSLEY ROAD |
| 15 Feb 2023 | £523,497 | £520,000 | 2 GUN TOWER MEWS |
| 20 Jan 2023 | £601,607 | £600,000 | 5 RIDLEY ROAD |
This house has a floor area of 138 sq meters or 1,492 sq feet when measured on 17 Dec 2010. Using an estimated price of £523,333 means this house is valued at £3,774 per sq meter (£350 per sq foot).
The average size of a house on GUN TOWER MEWS is 148 sq meters (1,600 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Mitre Road |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Mitre Road |
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Mitre Road |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mitre Road |
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Mitre Road |