£229,926
This estimated value is based upon the latest sale price for the house of £134,995 on 26 Feb 2010. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £134,995 | 26 Feb 2010 |
| £97,000 | 15 Sep 2009 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 910 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 February 2010 the House Price Index for MEDWAY was 87.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.322%.Applying this 70.322% change to the original purchase price of £134,995 results in an estimated price of approximately £229,926.
| 26 Feb 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 148.6 | 70.322 % | £134,995 | £94,931 | £229,926 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | 42.713 % | £57,659 | £192,654 |
| 3 Month Average | 60.018 % | £81,020 | £216,015 |
| 6 Month Average | 89.250 % | £120,483 | £255,478 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £212,575 | £210,000 | 348 LUTON ROAD |
| 19 Apr 2023 | £536,780 | £531,000 | 413 LUTON ROAD |
| 13 Apr 2023 | £181,959 | £180,000 | 214 UPPER LUTON ROAD |
| 3 Apr 2023 | £288,102 | £285,000 | 387 LUTON ROAD |
| 15 Mar 2023 | £270,044 | £267,500 | 208 UPPER LUTON ROAD |
This house has a floor area of 84 sq meters or 910 sq feet when measured on 10 Dec 2009. Using an estimated price of £229,927 means this house is valued at £2,719 per sq meter (£252 per sq foot).
The average size of a house on UPPER LUTON ROAD is 74 sq meters (805 sq feet).