£240,461
This estimated value is based upon the latest sale price for the house of £235,000 on 16 Oct 2023. 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 Priestfield Road
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| Price Paid | Date |
|---|---|
| £235,000 | 16 Oct 2023 |
| £185,000 | 29 Jun 2018 |
| 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 October 2023 the House Price Index for MEDWAY was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £235,000 results in an estimated price of approximately £240,461.
| 16 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £235,000 | £5,461 | £240,461 |
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 | 27.532 % | £64,699 | £299,699 |
| 3 Month Average | -12.255 % | £-28,798 | £206,201 |
| 6 Month Average | -6.882 % | £-16,173 | £218,826 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Oct 2023 | £240,461 | £235,000 | 32 GORDON ROAD |
| 26 Sep 2023 | £259,725 | £254,000 | 30 GORDON ROAD |
| 25 Sep 2023 | £290,402 | £284,000 | 61 PRIESTFIELD ROAD |
| 22 Sep 2023 | £245,410 | £240,000 | 4 GORDON ROAD |
| 25 Aug 2023 | £235,243 | £231,000 | 85 PRIESTFIELD ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 6 Sep 2017. Using an estimated price of £240,461 means this house is valued at £3,249 per sq meter (£301 per sq foot).
The average size of a house on GORDON ROAD is 82 sq meters (890 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Priestfield Road |
| Oct 2024 | Drugs | Investigation complete; no suspect identified | On or near Priestfield Road |
| Oct 2024 | Other theft | Under investigation | On or near Priestfield Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Priestfield Road |
| Oct 2024 | Public order | Under investigation | On or near Priestfield Road |