£216,127
This estimated value is based upon the latest sale price for the house of £172,000 on 2 May 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £172,000 | 2 May 2018 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 818 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 May 2018 the House Price Index for MEDWAY was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £172,000 results in an estimated price of approximately £216,127.
| 2 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £172,000 | £44,127 | £216,127 |
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 | 23.813 % | £40,959 | £212,959 |
| 3 Month Average | 15.478 % | £26,621 | £198,621 |
| 6 Month Average | 21.372 % | £36,760 | £208,760 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £312,944 | £305,000 | 39 GILLINGHAM ROAD |
| 20 Jun 2022 | £133,861 | £131,000 | FLAT 8 2 ROCK AVENUE |
| 7 Apr 2022 | £264,543 | £255,000 | 3 WELLINGTON ROAD |
| 26 Nov 2021 | £192,845 | £177,000 | 273 CANTERBURY STREET |
| 15 Oct 2020 | £230,445 | £195,000 | 277 CANTERBURY STREET |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 15 Jan 2018. Using an estimated price of £216,127 means this house is valued at £2,843 per sq meter (£264 per sq foot).
The average size of a house on WELLINGTON ROAD is 82 sq meters (891 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Awaiting court outcome | On or near Wellington Road |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wellington Road |
| Aug 2024 | Public order | Awaiting court outcome | On or near Wellington Road |
| Aug 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Wellington Road |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wellington Road |