£260,536
This estimated value is based upon the latest sale price for the house of £240,000 on 24 Sep 2021. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £240,000 | 24 Sep 2021 |
| £170,000 | 21 Jun 2016 |
| £74,000 | 10 Jul 2002 |
| £47,000 | 24 Apr 1998 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 September 2021 the House Price Index for MEDWAY was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £240,000 results in an estimated price of approximately £260,536.
| 24 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £240,000 | £20,536 | £260,536 |
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 | -7.040 % | £-16,897 | £223,102 |
| 3 Month Average | -2.158 % | £-5,179 | £234,820 |
| 6 Month Average | -2.563 % | £-6,151 | £233,848 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jul 2024 | £255,000 | £255,000 | 4 EXMOUTH ROAD |
| 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 |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 18 Jan 2016. Using an estimated price of £260,537 means this house is valued at £3,520 per sq meter (£327 per sq foot).
The average size of a house on KING WILLIAM ROAD is 90 sq meters (970 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Exmouth Road |
| Oct 2024 | Anti-social behaviour | On or near Virginia Road | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Virginia Road |
| Sep 2024 | Public order | Action to be taken by another organisation | On or near Virginia Road |
| Sep 2024 | Anti-social behaviour | On or near Virginia Road |