£229,326
This estimated value is based upon the latest sale price for the house of £183,000 on 1 Jun 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £183,000 | 1 Jun 2018 |
| £72,000 | 27 Jun 2002 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 June 2018 the House Price Index for MEDWAY was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £183,000 results in an estimated price of approximately £229,326.
| 1 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £183,000 | £46,326 | £229,326 |
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 | 24.111 % | £44,122 | £227,122 |
| 3 Month Average | 7.482 % | £13,691 | £196,691 |
| 6 Month Average | 16.322 % | £29,868 | £212,868 |
| 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 77 sq meters or 828 sq feet when measured on 9 Feb 2018. Using an estimated price of £229,327 means this house is valued at £2,978 per sq meter (£276 per sq foot).
The average size of a house on CONNAUGHT ROAD is 76 sq meters (826 sq feet).