£177,388
This estimated value is based upon the latest sale price for the house of £150,000 on 25 Sep 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £150,000 | 25 Sep 2020 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 2020 the House Price Index for MEDWAY was 125.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 18.259%.Applying this 18.259% change to the original purchase price of £150,000 results in an estimated price of approximately £177,388.
| 25 Sep 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.0 | 18.259 % | £150,000 | £27,388 | £177,388 |
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 | -13.865 % | £-20,797 | £129,202 |
| 3 Month Average | 18.095 % | £27,142 | £177,142 |
| 6 Month Average | 14.421 % | £21,632 | £171,632 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £272,578 | £270,000 | 129 LUTON ROAD |
| 14 Mar 2023 | £251,359 | £250,000 | 132 LUTON ROAD |
| 27 Jan 2023 | £376,691 | £380,000 | 97 LUTON ROAD |
| 7 Sep 2022 | £172,897 | £175,000 | 152 THOROLD ROAD |
| 24 Mar 2022 | £180,614 | £175,000 | 158 THOROLD ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 18 Mar 2019. Using an estimated price of £177,388 means this house is valued at £2,534 per sq meter (£235 per sq foot).
The average size of a house on LUTON ROAD is 77 sq meters (834 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Constitution Hill |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Constitution Hill |
| Mar 2024 | Drugs | Awaiting court outcome | On or near Constitution Hill |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Constitution Hill |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Constitution Hill |