£303,959
This estimated value is based upon the latest sale price for the house of £280,000 on 30 Sep 2021. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £280,000 | 30 Sep 2021 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 September 2021 the House Price Index for MEDWAY was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £280,000 results in an estimated price of approximately £303,959.
| 30 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £280,000 | £23,959 | £303,959 |
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 | -8.605 % | £-24,094 | £255,905 |
| 3 Month Average | -3.093 % | £-8,659 | £271,340 |
| 6 Month Average | -4.461 % | £-12,490 | £267,509 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Apr 2024 | £393,416 | £390,000 | 149 ROCK AVENUE |
| 15 Mar 2024 | £289,447 | £285,000 | 117 ROCK AVENUE |
| 1 Mar 2024 | £253,901 | £250,000 | 67 MILTON ROAD |
| 27 Oct 2023 | £312,088 | £305,000 | 126 ROCK AVENUE |
| 13 Oct 2023 | £245,578 | £240,000 | 72 ST JOHNS ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 2 Aug 2021. Using an estimated price of £303,959 means this house is valued at £3,233 per sq meter (£300 per sq foot).
The average size of a house on ROCK AVENUE is 114 sq meters (1,232 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Milton Road |
| Jun 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Milton Road |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Milton Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Milton Road |
| Apr 2024 | Anti-social behaviour | On or near Milton Road |