£289,223
This estimated value is based upon the latest sale price for the house of £230,000 on 27 Apr 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £230,000 | 27 Apr 2018 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 2018 the House Price Index for MEDWAY was 119.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.749%.Applying this 25.749% change to the original purchase price of £230,000 results in an estimated price of approximately £289,223.
| 27 Apr 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 149.7 | 25.749 % | £230,000 | £59,223 | £289,223 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | 32.416 % | £74,556 | £304,556 |
| 3 Month Average | 14.850 % | £34,155 | £264,155 |
| 6 Month Average | 16.985 % | £39,065 | £269,065 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £287,293 | £280,000 | 5 RENOWN ROAD |
| 10 Aug 2023 | £341,153 | £335,000 | 15 DANE CLOSE |
| 4 Aug 2023 | £254,592 | £250,000 | 3 DANE CLOSE |
| 14 Feb 2023 | £312,085 | £310,000 | 227 BALLENS ROAD |
| 1 Feb 2023 | £296,984 | £295,000 | 1 VALIANT ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 29 Sep 2017. Using an estimated price of £289,223 means this house is valued at £3,363 per sq meter (£312 per sq foot).
The average size of a house on VALIANT ROAD is 109 sq meters (1,182 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Parking Area | |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Jul 2024 | Anti-social behaviour | On or near Parking Area | |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Jul 2024 | Anti-social behaviour | On or near Parking Area |