£192,530
This estimated value is based upon the latest sale price for the house of £158,000 on 7 Feb 2020. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £158,000 | 7 Feb 2020 |
| £113,000 | 24 Mar 2005 |
| £58,000 | 12 Jul 2001 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in February 2020 the House Price Index for KENT was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.855%.Applying this 21.855% change to the original purchase price of £158,000 results in an estimated price of approximately £192,530.
| 7 Feb 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.855 % | £158,000 | £34,530 | £192,530 |
The Postcode Pricing Model uses changes in average sales price within the CT12 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 | 40.269 % | £63,624 | £221,624 |
| 3 Month Average | 11.289 % | £17,836 | £175,836 |
| 6 Month Average | 19.064 % | £30,120 | £188,120 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £240,814 | £240,000 | 45 CHERITON AVENUE |
| 13 Dec 2023 | £244,628 | £240,000 | 46 FAIRLIGHT AVENUE |
| 10 Aug 2023 | £905,506 | £900,000 | 10 CHERITON AVENUE |
| 14 Apr 2023 | £223,662 | £222,000 | 43 MARDEN AVENUE |
| 16 Feb 2023 | £149,294 | £150,000 | 42 FAIRLIGHT AVENUE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 20 Feb 2014. Using an estimated price of £192,531 means this house is valued at £2,406 per sq meter (£223 per sq foot).
The average size of a house on MARDEN AVENUE is 85 sq meters (919 sq feet).