£1,486,707
This estimated value is based upon the latest sale price for the house of £1,300,000 on 3 Feb 2021. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £1,300,000 | 3 Feb 2021 |
| £1,300,000 | 3 Feb 2021 |
| Freehold |
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 February 2021 the House Price Index for MEDWAY was 130.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 14.362%.Applying this 14.362% change to the original purchase price of £1,300,000 results in an estimated price of approximately £1,486,707.
| 3 Feb 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.9 | 149.7 | 14.362 % | £1,300,000 | £186,707 | £1,486,707 |
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 | 1.203 % | £15,640 | £1,315,640 |
| 3 Month Average | -9.661 % | £-125,595 | £1,174,404 |
| 6 Month Average | 6.435 % | £83,655 | £1,383,655 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £305,000 | £305,000 | 48 NEW ROAD |
| 14 Nov 2023 | £359,116 | £350,000 | 8 KING STREET |
| 13 Sep 2023 | £1,278,176 | £1,250,000 | 263 - 269 HIGH STREET |
| 5 Apr 2023 | £132,478 | £130,000 | 25 THE PADDOCK |
| 31 Mar 2023 | £839,012 | £825,000 | 3 SOLOMONS ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |
| Aug 2024 | Anti-social behaviour | On or near Parking Area | |
| Aug 2024 | Anti-social behaviour | On or near Parking Area |