£279,375
This estimated value is based upon the latest sale price for the house of £145,000 on 16 Aug 2004. This value is then adjusted by the current Official House Price Index for MEDWAY 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £145,000 | 16 Aug 2004 |
| £95,000 | 11 Jul 2003 |
| £58,000 | 15 Oct 1999 |
| £45,000 | 4 May 1999 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 944 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 August 2004 the House Price Index for MEDWAY was 77.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 92.673%.Applying this 92.673% change to the original purchase price of £145,000 results in an estimated price of approximately £279,375.
| 16 Aug 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 148.6 | 92.673 % | £145,000 | £134,375 | £279,375 |
The Postcode Pricing Model uses changes in average sales price within the ME2 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 | 34.029 % | £49,342 | £194,342 |
| 3 Month Average | 75.838 % | £109,964 | £254,964 |
| 6 Month Average | 94.911 % | £137,621 | £282,621 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2023 | £420,375 | £415,000 | 12 VICARAGE ROAD |
| 4 Aug 2023 | £215,889 | £214,000 | 27 GRANGE ROAD |
| 25 Jan 2023 | £263,758 | £265,000 | 50 GROVE ROAD |
| 21 Oct 2022 | £262,177 | £265,000 | 10 BOWES ROAD |
| 29 Apr 2022 | £272,897 | £265,000 | 42 GROVE ROAD |
This house has a floor area of 87 sq meters or 944 sq feet when measured on 7 Mar 2011. Using an estimated price of £279,376 means this house is valued at £3,183 per sq meter (£295 per sq foot).
The average size of a house on GROVE ROAD is 95 sq meters (1,023 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near St Michaels Court | |
| Jan 2024 | Anti-social behaviour | On or near St Michaels Court | |
| Jan 2024 | Anti-social behaviour | On or near St Michaels Court | |
| Dec 2023 | Drugs | Under investigation | On or near St Michaels Court |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Vicarage Road |