£116,500
This estimated value is based upon the latest sale price for the house of £95,000 on 11 Oct 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £95,000 | 11 Oct 2019 |
| £67,000 | 12 Dec 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 37 sq meters or 398 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 2019 the House Price Index for MEDWAY was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £95,000 results in an estimated price of approximately £116,500.
| 11 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £95,000 | £21,500 | £116,500 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | 15.155 % | £14,397 | £109,397 |
| 3 Month Average | 6.684 % | £6,349 | £101,349 |
| 6 Month Average | 14.525 % | £13,798 | £108,798 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £125,000 | £125,000 | 76B JEFFERY STREET |
| 19 Apr 2023 | £189,096 | £187,060 | 71 VICTORIA STREET |
| 17 Apr 2023 | £130,404 | £129,000 | FLAT 5 ALEESHA HOUSE, 21 RAILWAY STREET |
| 11 Apr 2023 | £192,068 | £190,000 | 49 VICTORIA STREET |
| 10 Mar 2023 | £242,283 | £240,000 | 48 VICTORIA STREET |
This house has a floor area of 37 sq meters or 398 sq feet when measured on 15 Jan 2015. Using an estimated price of £116,501 means this house is valued at £3,148 per sq meter (£292 per sq foot).
The average size of a house on VICTORIA STREET is 76 sq meters (820 sq feet).