£184,786
This estimated value is based upon the latest sale price for the house of £150,000 on 31 Aug 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £150,000 | 31 Aug 2018 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 August 2018 the House Price Index for MEDWAY was 120.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.191%.Applying this 23.191% change to the original purchase price of £150,000 results in an estimated price of approximately £184,786.
| 31 Aug 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.0 | 23.191 % | £150,000 | £34,786 | £184,786 |
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 | 34.302 % | £51,453 | £201,453 |
| 3 Month Average | 27.628 % | £41,442 | £191,442 |
| 6 Month Average | 22.533 % | £33,799 | £183,799 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Jul 2023 | £232,701 | £230,500 | 24 COBDEN ROAD |
| 21 Apr 2023 | £226,685 | £225,000 | 5 LEONARD ROAD |
| 21 Nov 2022 | £211,569 | £215,000 | 27 REFORM ROAD |
| 26 Oct 2022 | £236,485 | £240,000 | 13 REFORM ROAD |
| 5 Aug 2022 | £218,523 | £220,000 | 6 COBDEN ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 21 May 2018. Using an estimated price of £184,786 means this house is valued at £2,531 per sq meter (£235 per sq foot).
The average size of a house on COBDEN ROAD is 81 sq meters (880 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Cobden Road |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chamberlain Road |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chamberlain Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Chamberlain Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chamberlain Road |