£594,775
This estimated value is based upon the latest sale price for the house of £600,000 on 24 Jan 2023. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £600,000 | 24 Jan 2023 |
| £324,995 | 26 Jun 2013 |
| Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in January 2023 the House Price Index for KENT was 149.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.871%.Applying this -0.871% change to the original purchase price of £600,000 results in an estimated price of approximately £594,775.
| 24 Jan 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.3 | 148.0 | -0.871 % | £600,000 | £-5,224 | £594,775 |
The Postcode Pricing Model uses changes in average sales price within the TN4 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 | -32.078 % | £-192,468 | £407,531 |
| 3 Month Average | 54.869 % | £329,216 | £929,216 |
| 6 Month Average | 13.970 % | £83,817 | £683,817 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jan 2023 | £396,517 | £400,000 | 19 WOODLAND ROAD |
| 24 Jan 2023 | £594,776 | £600,000 | 19 MERRION WAY |
| 16 Jan 2023 | £361,822 | £365,000 | 12 MERRION CLOSE |
| 9 Nov 2022 | £12,793 | £13,000 | GARAGE 30 MERRION CLOSE |
| 5 May 2022 | £182,716 | £180,000 | 99A SILVERDALE ROAD |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 19 Mar 2013. Using an estimated price of £594,776 means this house is valued at £5,888 per sq meter (£547 per sq foot).
The average size of a house on MERRION WAY is 112 sq meters (1,205 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Lakeman Way | |
| Mar 2024 | Anti-social behaviour | On or near Lakeman Way | |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Apr 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Supermarket |