£203,890
This estimated value is based upon the latest sale price for the house of £129,000 on 24 Aug 2007. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £129,000 | 24 Aug 2007 |
| £33,500 | 18 Dec 1998 |
| Terraced |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 August 2007 the House Price Index for MEDWAY was 94.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.054%.Applying this 58.054% change to the original purchase price of £129,000 results in an estimated price of approximately £203,890.
| 24 Aug 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.7 | 149.7 | 58.054 % | £129,000 | £74,890 | £203,890 |
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 | 49.507 % | £63,864 | £192,864 |
| 3 Month Average | 52.961 % | £68,319 | £197,319 |
| 6 Month Average | 60.430 % | £77,954 | £206,954 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Oct 2023 | £235,345 | £230,000 | 7 EDINBURGH ROAD |
| 16 Aug 2023 | £336,061 | £330,000 | 2A CONNAUGHT ROAD |
| 5 Jun 2023 | £185,722 | £182,000 | 32 EDINBURGH ROAD |
| 21 Feb 2022 | £264,114 | £250,000 | 1 CONNAUGHT ROAD |
| 15 Feb 2022 | £242,985 | £230,000 | 38 EDINBURGH ROAD |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 17 Oct 2019. Using an estimated price of £203,890 means this house is valued at £1,788 per sq meter (£166 per sq foot).
The average size of a house on CONNAUGHT ROAD is 76 sq meters (826 sq feet).
This house is the largest in the street with a floor area of 114 sq meters (1,227 sq feet).