£265,085
This estimated value is based upon the latest sale price for the house of £213,000 on 8 Mar 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £213,000 | 8 Mar 2019 |
| £193,500 | 19 Aug 2016 |
| £165,000 | 22 Jun 2015 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 March 2019 the House Price Index for MEDWAY was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.453%.Applying this 24.453% change to the original purchase price of £213,000 results in an estimated price of approximately £265,085.
| 8 Mar 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.453 % | £213,000 | £52,085 | £265,085 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 19.491 % | £41,516 | £254,516 |
| 3 Month Average | 13.382 % | £28,504 | £241,504 |
| 6 Month Average | 15.649 % | £33,332 | £246,332 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Oct 2023 | £255,810 | £250,000 | 59 COLLET WALK |
| 20 Oct 2023 | £286,507 | £280,000 | 28 MOYLE CLOSE |
| 13 Oct 2023 | £266,042 | £260,000 | 46 MOYLE CLOSE |
| 18 Aug 2023 | £323,332 | £317,500 | 25 NARES ROAD |
| 15 Aug 2023 | £262,739 | £258,000 | 35 MOYLE CLOSE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 27 Feb 2015. Using an estimated price of £265,085 means this house is valued at £4,016 per sq meter (£373 per sq foot).
The average size of a house on NARES ROAD is 79 sq meters (859 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Nares Road |
| Jun 2024 | Anti-social behaviour | On or near Nares Road | |
| Jun 2024 | Anti-social behaviour | On or near Nares Road | |
| May 2024 | Anti-social behaviour | On or near Nares Road | |
| May 2024 | Anti-social behaviour | On or near Nares Road |