£203,613
This estimated value is based upon the latest sale price for the house of £72,995 on 31 Jul 2002. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £72,995 | 31 Jul 2002 |
| £39,000 | 21 Feb 2000 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 2002 the House Price Index for MEDWAY was 53.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 178.941%.Applying this 178.941% change to the original purchase price of £72,995 results in an estimated price of approximately £203,613.
| 31 Jul 2002 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 53.1 | 148.0 | 178.941 % | £72,995 | £130,618 | £203,613 |
The Postcode Pricing Model uses changes in average sales price within the ME4 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 | 121.669 % | £88,812 | £161,807 |
| 3 Month Average | 189.461 % | £138,296 | £211,291 |
| 6 Month Average | 201.383 % | £146,999 | £219,994 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £216,315 | £215,000 | 52 OTWAY STREET |
| 4 Aug 2023 | £216,315 | £215,000 | 31 CROMWELL TERRACE |
| 2 Mar 2023 | £178,465 | £177,500 | 5 CROMWELL TERRACE |
| 4 Feb 2022 | £227,692 | £218,000 | 12 OTWAY STREET |
| 14 Jan 2022 | £204,391 | £195,000 | 20 OTWAY STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 17 Mar 2011. Using an estimated price of £203,613 means this house is valued at £3,083 per sq meter (£286 per sq foot).
The average size of a house on OTWAY STREET is 76 sq meters (820 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Otway Street |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Otway Street |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Otway Street |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Otway Street |
| Mar 2024 | Drugs | Unable to prosecute suspect | On or near Otway Street |