£1,207,052
This estimated value is based upon the latest sale price for the house of £980,000 on 30 Apr 2019. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £980,000 | 30 Apr 2019 |
| Terraced |
| Freehold |
| Floor Area: 155 sq meters or 1,668 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in April 2019 the House Price Index for KENT was 120.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.169%.Applying this 23.169% change to the original purchase price of £980,000 results in an estimated price of approximately £1,207,052.
| 30 Apr 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.0 | 23.169 % | £980,000 | £227,052 | £1,207,052 |
The Postcode Pricing Model uses changes in average sales price within the CT5 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 | 0.251 % | £2,456 | £982,456 |
| 3 Month Average | 3.103 % | £30,408 | £1,010,408 |
| 6 Month Average | 21.501 % | £210,705 | £1,190,705 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £455,852 | £450,000 | 104 NELSON ROAD |
| 17 Jul 2023 | £570,396 | £565,000 | 181 ISLAND WALL |
| 22 Jun 2023 | £1,159,401 | £1,150,000 | 3 SEAWAY COTTAGES |
| 21 Jun 2023 | £229,360 | £227,500 | GROUND FLOOR FLAT 100 NELSON ROAD |
| 24 Mar 2023 | £578,125 | £575,000 | 1 MARINE GAP |
This house has a floor area of 155 sq meters or 1,668 sq feet when measured on 14 May 2018. Using an estimated price of £1,207,052 means this house is valued at £7,787 per sq meter (£723 per sq foot).
The average size of a house on WAVE CREST is 160 sq meters (1,728 sq feet).