£372,765
This estimated value is based upon the latest sale price for the house of £250,000 on 28 Oct 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £250,000 | 28 Oct 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2014 the House Price Index for MEDWAY was 99.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 49.106%.Applying this 49.106% change to the original purchase price of £250,000 results in an estimated price of approximately £372,765.
| 28 Oct 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.0 | 49.106 % | £250,000 | £122,765 | £372,765 |
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 | 163.051 % | £407,627 | £657,627 |
| 3 Month Average | 59.135 % | £147,838 | £397,838 |
| 6 Month Average | 58.895 % | £147,238 | £397,238 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £663,518 | £655,000 | 75 LONDON ROAD |
| 21 Jun 2023 | £302,452 | £300,000 | 77 DERWENT WAY |
| 26 Jan 2023 | £511,507 | £516,000 | 57 CENTURY ROAD |
| 6 May 2022 | £482,167 | £475,000 | 73 LONDON ROAD |
| 28 Feb 2022 | £605,787 | £580,000 | 29 SALISBURY AVENUE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 9 Apr 2014. Using an estimated price of £372,765 means this house is valued at £4,284 per sq meter (£398 per sq foot).
The average size of a house on SALISBURY AVENUE is 116 sq meters (1,254 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Salisbury Avenue |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Salisbury Avenue |
| Apr 2024 | Anti-social behaviour | On or near Oldfield Close | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oldfield Close |
| Jan 2024 | Other theft | Under investigation | On or near Lyra Close |