£218,892
This estimated value is based upon the latest sale price for the house of £177,000 on 12 Apr 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £177,000 | 12 Apr 2019 |
| £124,000 | 4 Apr 2014 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 April 2019 the House Price Index for MEDWAY was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.668%.Applying this 23.668% change to the original purchase price of £177,000 results in an estimated price of approximately £218,892.
| 12 Apr 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.668 % | £177,000 | £41,892 | £218,892 |
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 | 49.447 % | £87,521 | £264,521 |
| 3 Month Average | 9.257 % | £16,384 | £193,384 |
| 6 Month Average | 19.452 % | £34,429 | £211,429 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £240,561 | £237,000 | 137 CORNWALLIS AVENUE |
| 18 Aug 2023 | £179,571 | £178,000 | 122 CORNWALLIS AVENUE |
| 17 Aug 2023 | £262,295 | £260,000 | 51 CORNWALLIS AVENUE |
| 31 Mar 2023 | £262,473 | £260,000 | 232 BROADWAY |
| 10 Feb 2023 | £299,798 | £300,000 | 116 BEATTY AVENUE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 23 Jun 2013. Using an estimated price of £218,892 means this house is valued at £2,575 per sq meter (£239 per sq foot).
The average size of a house on CORNWALLIS AVENUE is 72 sq meters (783 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cornwallis Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cornwallis Avenue |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cornwallis Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cornwallis Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cornwallis Avenue |