£186,903
This estimated value is based upon the latest sale price for the house of £120,000 on 2 May 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £120,000 | 2 May 2014 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 May 2014 the House Price Index for MEDWAY was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £120,000 results in an estimated price of approximately £186,903.
| 2 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £120,000 | £66,903 | £186,903 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | 100.210 % | £120,252 | £240,252 |
| 3 Month Average | 86.995 % | £104,393 | £224,393 |
| 6 Month Average | 76.726 % | £92,070 | £212,070 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2023 | £185,469 | £182,000 | 77 UPPER LUTON ROAD |
| 30 Mar 2023 | £167,802 | £165,000 | 70 UPPER LUTON ROAD |
| 8 Mar 2023 | £381,369 | £375,000 | 1 UPPER LUTON ROAD |
| 30 Jan 2023 | £207,555 | £207,000 | 57 UPPER LUTON ROAD |
| 8 Sep 2022 | £194,870 | £195,000 | 195 CONSTITUTION ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 24 Feb 2014. Using an estimated price of £186,904 means this house is valued at £2,670 per sq meter (£248 per sq foot).
The average size of a house on UPPER LUTON ROAD is 74 sq meters (805 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Upper Luton Road |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Upper Luton Road |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Upper Luton Road |
| Jul 2024 | Public order | Unable to prosecute suspect | On or near Upper Luton Road |
| Jul 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Upper Luton Road |