£176,033
This estimated value is based upon the latest sale price for the house of £142,000 on 30 Aug 2019. 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 Melbourne Road
More crime details
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Price Paid | Date |
---|---|
£142,000 | 30 Aug 2019 |
Terraced |
Freehold |
Floor Area: 68 sq meters or 731 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 2019 the House Price Index for MEDWAY was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £142,000 results in an estimated price of approximately £176,033.
30 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.8 | 149.7 | 23.967 % | £142,000 | £34,033 | £176,033 |
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 | -6.823 % | £-9,688 | £132,311 |
3 Month Average | 1.969 % | £2,796 | £144,796 |
6 Month Average | 19.553 % | £27,764 | £169,764 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £196,023 | £190,000 | 26 STURLA ROAD |
27 Sep 2023 | £209,621 | £205,000 | 58 MELBOURNE ROAD |
31 Aug 2023 | £252,555 | £248,000 | 7 HOPE STREET |
18 Aug 2023 | £253,573 | £249,000 | 61 STURLA ROAD |
27 Apr 2022 | £216,821 | £209,000 | 68 MELBOURNE ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 15 May 2019. Using an estimated price of £176,034 means this house is valued at £2,588 per sq meter (£240 per sq foot).
The average size of a house on MELBOURNE ROAD is 73 sq meters (791 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Melbourne Road |
May 2024 | Other crime | Awaiting court outcome | On or near Melbourne Road |
May 2024 | Other crime | Awaiting court outcome | On or near Melbourne Road |
Apr 2024 | Anti-social behaviour | On or near Melbourne Road | |
Apr 2024 | Anti-social behaviour | On or near Melbourne Road |