£311,478
This estimated value is based upon the latest sale price for the house of £245,000 on 20 Oct 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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Price Paid | Date |
---|---|
£245,000 | 20 Oct 2017 |
Terraced |
Freehold |
Floor Area: 75 sq meters or 807 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 October 2017 the House Price Index for MEDWAY was 117.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £245,000 results in an estimated price of approximately £311,478.
20 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.7 | 149.7 | 27.134 % | £245,000 | £66,478 | £311,478 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 23.082 % | £56,551 | £301,551 |
3 Month Average | 16.987 % | £41,618 | £286,618 |
6 Month Average | 26.672 % | £65,347 | £310,347 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £297,553 | £290,000 | 179 BROADWAY |
6 Sep 2023 | £259,725 | £254,000 | 207 BROADWAY |
27 Feb 2023 | £296,984 | £295,000 | 133 BROADWAY |
11 Aug 2022 | £288,348 | £287,000 | 173 BROADWAY |
8 Apr 2022 | £286,992 | £276,640 | 152 BROADWAY |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 29 Jun 2017. Using an estimated price of £311,479 means this house is valued at £4,153 per sq meter (£385 per sq foot).
The average size of a house on BROADWAY is 80 sq meters (861 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Anti-social behaviour | On or near Ito Way | |
May 2024 | Anti-social behaviour | On or near Ito Way | |
May 2024 | Anti-social behaviour | On or near Ito Way | |
May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ito Way |
Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Ito Way |