£453,592
This estimated value is based upon the latest sale price for the house of £371,000 on 3 Apr 2020. This value is then adjusted by the current Official House Price Index for KENT 1
There has been one burglary within the last year on or near Gorrell Road
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| Price Paid | Date |
|---|---|
| £371,000 | 3 Apr 2020 |
| £289,950 | 17 Jul 2015 |
| £200,000 | 9 Jun 2014 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 April 2020 the House Price Index for KENT was 121.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.262%.Applying this 22.262% change to the original purchase price of £371,000 results in an estimated price of approximately £453,592.
| 3 Apr 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.0 | 22.262 % | £371,000 | £82,592 | £453,592 |
The Postcode Pricing Model uses changes in average sales price within the CT5 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 | 14.804 % | £54,920 | £425,920 |
| 3 Month Average | 8.752 % | £32,471 | £403,471 |
| 6 Month Average | 13.506 % | £50,108 | £421,108 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Dec 2023 | £244,628 | £240,000 | 2 GORRELL COURT MILLSTROOD ROAD |
| 16 Sep 2022 | £249,466 | £252,500 | 1A DOWNS AVENUE |
| 16 Sep 2022 | £249,466 | £252,500 | 1B DOWNS AVENUE |
| 24 Jun 2022 | £500,068 | £495,000 | 24 GORRELL ROAD |
| 24 May 2022 | £380,658 | £375,000 | 33 GORRELL ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 24 Oct 2019. Using an estimated price of £453,593 means this house is valued at £5,815 per sq meter (£540 per sq foot).
The average size of a house on GORRELL ROAD is 87 sq meters (939 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Awaiting court outcome | On or near Gorrell Road |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Gorrell Road |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jan 2024 | Anti-social behaviour | On or near Sports/Recreation Area |