£216,868
This estimated value is based upon the latest sale price for the house of £128,000 on 15 Oct 2010. 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 Meadowbank Road
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| Price Paid | Date |
|---|---|
| £128,000 | 15 Oct 2010 |
| £112,500 | 30 Jan 2004 |
| £84,995 | 24 Jun 2002 |
| £53,000 | 23 Oct 2001 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2010 the House Price Index for MEDWAY was 87.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 69.428%.Applying this 69.428% change to the original purchase price of £128,000 results in an estimated price of approximately £216,868.
| 15 Oct 2010 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.4 | 148.0 | 69.428 % | £128,000 | £88,868 | £216,868 |
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 | 42.675 % | £54,623 | £182,623 |
| 3 Month Average | 80.925 % | £103,583 | £231,583 |
| 6 Month Average | 84.161 % | £107,726 | £235,726 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £172,583 | £172,000 | 21 INSTITUTE ROAD |
| 2 Nov 2023 | £192,471 | £190,000 | 20 INSTITUTE ROAD |
| 10 Feb 2023 | £139,341 | £140,000 | FLAT 2 8 INSTITUTE ROAD |
| 18 Jan 2023 | £88,721 | £89,500 | 6 ARCHES VIEW |
| 20 Sep 2022 | £216,862 | £219,500 | 26 INSTITUTE ROAD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 28 Sep 2017. Using an estimated price of £216,868 means this house is valued at £2,492 per sq meter (£231 per sq foot).
The average size of a house on INSTITUTE ROAD is 87 sq meters (937 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other crime | Under investigation | On or near Meadowbank Road |
| Apr 2024 | Burglary | Under investigation | On or near Meadowbank Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Meadowbank Road |
| Mar 2024 | Anti-social behaviour | On or near Meadowbank Road | |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Meadowbank Road |