£279,042
This estimated value is based upon the latest sale price for the house of £260,000 on 7 Sep 2021. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £260,000 | 7 Sep 2021 |
| £55,000 | 17 Dec 1998 |
| £31,000 | 27 Mar 1998 |
| Terraced |
| Freehold |
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 Apr 2024 is 148.0 which is a change of 7.324%.Applying this 7.324% change to the original purchase price of £260,000 results in an estimated price of approximately £279,042.
| 7 Sep 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.0 | 7.324 % | £260,000 | £19,042 | £279,042 |
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 | -0.969 % | £-2,520 | £257,479 |
| 3 Month Average | 0.620 % | £1,612 | £261,612 |
| 6 Month Average | 0.105 % | £272 | £260,272 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £231,887 | £227,500 | 24 THE RIDGEWAY |
| 24 Mar 2023 | £180,978 | £180,000 | 22 THE RIDGEWAY |
| 29 Sep 2022 | £276,636 | £280,000 | 48 MILBURN ROAD |
| 28 Jan 2022 | £272,521 | £260,000 | 42 MILBURN ROAD |
| 3 Nov 2021 | £323,144 | £300,000 | 73 ST MARYS ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stanley Road |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Stanley Road |
| Mar 2024 | Anti-social behaviour | On or near Stanley Road | |
| Mar 2024 | Anti-social behaviour | On or near Stanley Road | |
| Mar 2024 | Anti-social behaviour | On or near Stanley Road |