£242,844
This estimated value is based upon the latest sale price for the house of £225,000 on 17 Dec 2021. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £225,000 | 17 Dec 2021 |
| £145,000 | 7 Dec 2007 |
| £97,500 | 29 Jan 2003 |
| £41,500 | 1 Dec 1995 |
| £25,000 | 16 Aug 1995 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 December 2021 the House Price Index for MEDWAY was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £225,000 results in an estimated price of approximately £242,844.
| 17 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £225,000 | £17,844 | £242,844 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | -48.783 % | £-109,761 | £115,238 |
| 3 Month Average | -10.288 % | £-23,147 | £201,852 |
| 6 Month Average | 0.786 % | £1,769 | £226,769 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £123,804 | £120,000 | GROUND FLOOR FLAT 88 MILBURN ROAD |
| 3 Nov 2023 | £257,537 | £251,000 | 4 VIRGINIA ROAD |
| 2 Oct 2023 | £306,972 | £300,000 | 58 MILBURN ROAD |
| 25 Sep 2023 | £255,635 | £250,000 | 9 KING WILLIAM ROAD |
| 27 Apr 2023 | £203,812 | £200,000 | 8 VIRGINIA ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 14 Jul 2021. Using an estimated price of £242,844 means this house is valued at £3,326 per sq meter (£309 per sq foot).
There is one other house on the street which we know the size of, this is 2 EXMOUTH ROAD it is 68.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Medway Road |
| Jul 2024 | Public order | Offender given a caution | On or near Medway Road |
| Sep 2024 | Public order | Under investigation | On or near Virginia Road |
| Sep 2024 | Anti-social behaviour | On or near Virginia Road | |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Virginia Road |