£164,232
This estimated value is based upon the latest sale price for the house of £165,000 on 25 Nov 2022. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £165,000 | 25 Nov 2022 |
| £107,500 | 18 Sep 2017 |
| £24,995 | 17 Aug 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 November 2022 the House Price Index for MEDWAY was 150.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.465%.Applying this -0.465% change to the original purchase price of £165,000 results in an estimated price of approximately £164,232.
| 25 Nov 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 149.7 | -0.465 % | £165,000 | £-767 | £164,232 |
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 | -28.045 % | £-46,274 | £118,725 |
| 3 Month Average | -15.946 % | £-26,310 | £138,689 |
| 6 Month Average | -10.718 % | £-17,684 | £147,315 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jun 2024 | £220,000 | £220,000 | 118 RICHMOND ROAD |
| 29 Apr 2024 | £183,090 | £181,500 | 7 DEVONSHIRE ROAD |
| 5 Apr 2024 | £252,190 | £250,000 | 20 MILBURN ROAD |
| 29 Sep 2023 | £235,184 | £230,000 | 90 RICHMOND ROAD |
| 10 Feb 2023 | £236,580 | £235,000 | 104 RICHMOND ROAD |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 4 Mar 2016. Using an estimated price of £164,232 means this house is valued at £3,819 per sq meter (£354 per sq foot).
The average size of a house on RICHMOND ROAD is 76 sq meters (819 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Richmond Road |
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Richmond Road |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Richmond Road |
| Oct 2024 | Violence and sexual offences | Offender given a caution | On or near Richmond Road |
| Oct 2024 | Other theft | Under investigation | On or near Richmond Road |