£223,257
This estimated value is based upon the latest sale price for the house of £115,000 on 13 Jul 2004. This value is then adjusted by the current Official House Price Index for MEDWAY 1
There has been one burglary within the last year on or near Institute Road
More crime details
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Price Paid | Date |
---|---|
£115,000 | 13 Jul 2004 |
£91,500 | 16 Jan 2003 |
Terraced |
Freehold |
Floor Area: 81 sq meters or 871 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 July 2004 the House Price Index for MEDWAY was 76.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 94.137%.Applying this 94.137% change to the original purchase price of £115,000 results in an estimated price of approximately £223,257.
13 Jul 2004 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
76.2 | 148.0 | 94.137 % | £115,000 | £108,257 | £223,257 |
The Postcode Pricing Model uses changes in average sales price within the ME4 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 | 54.207 % | £62,337 | £177,337 |
3 Month Average | 96.770 % | £111,284 | £226,284 |
6 Month Average | 97.740 % | £112,400 | £227,400 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £172,583 | £172,000 | 21 INSTITUTE ROAD |
2 Nov 2023 | £192,471 | £190,000 | 20 INSTITUTE ROAD |
3 Apr 2023 | £79,088 | £78,500 | FLAT 10 PEMBROKE COURT, 397 HIGH STREET |
28 Mar 2023 | £80,435 | £80,000 | FLAT 29 PEMBROKE COURT, 397 HIGH STREET |
15 Mar 2023 | £75,408 | £75,000 | FLAT 12 PEMBROKE COURT, 397 HIGH STREET |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 7 Jan 2016. Using an estimated price of £223,258 means this house is valued at £2,756 per sq meter (£256 per sq foot).
The average size of a house on INSTITUTE ROAD is 87 sq meters (937 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Anti-social behaviour | On or near Institute Road | |
Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Institute Road |
Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Institute Road |
Apr 2024 | Possession of weapons | Awaiting court outcome | On or near Institute Road |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Institute Road |