£140,359
This estimated value is based upon the latest sale price for the house of £82,000 on 22 Mar 2010. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £82,000 | 22 Mar 2010 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 March 2010 the House Price Index for MEDWAY was 87.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.170%.Applying this 71.170% change to the original purchase price of £82,000 results in an estimated price of approximately £140,359.
| 22 Mar 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 149.7 | 71.170 % | £82,000 | £58,359 | £140,359 |
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 | 69.180 % | £56,727 | £138,727 |
| 3 Month Average | 68.066 % | £55,814 | £137,814 |
| 6 Month Average | 75.728 % | £62,096 | £144,096 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Oct 2023 | £235,345 | £230,000 | 7 EDINBURGH ROAD |
| 16 Aug 2023 | £336,061 | £330,000 | 2A CONNAUGHT ROAD |
| 5 Jun 2023 | £185,722 | £182,000 | 32 EDINBURGH ROAD |
| 21 Feb 2022 | £264,114 | £250,000 | 1 CONNAUGHT ROAD |
| 15 Feb 2022 | £242,985 | £230,000 | 38 EDINBURGH ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 8 Apr 2013. Using an estimated price of £140,360 means this house is valued at £2,064 per sq meter (£191 per sq foot).
The average size of a house on CONNAUGHT ROAD is 76 sq meters (826 sq feet).