£248,761
This estimated value is based upon the latest sale price for the house of £64,995 on 3 Apr 2000. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £64,995 | 3 Apr 2000 |
| £53,000 | 13 Aug 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 April 2000 the House Price Index for MEDWAY was 39.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 282.739%.Applying this 282.739% change to the original purchase price of £64,995 results in an estimated price of approximately £248,761.
| 3 Apr 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.1 | 149.7 | 282.739 % | £64,995 | £183,766 | £248,761 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | 333.652 % | £216,856 | £281,851 |
| 3 Month Average | 293.810 % | £190,962 | £255,957 |
| 6 Month Average | 308.232 % | £200,335 | £265,330 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Oct 2023 | £306,972 | £300,000 | 50 BURMA WAY |
| 18 Sep 2023 | £306,762 | £300,000 | 1 BURMA WAY |
| 24 Aug 2023 | £260,702 | £256,000 | 91 WALDERSLADE ROAD |
| 26 Jun 2023 | £290,828 | £285,000 | 85 WALDERSLADE ROAD |
| 24 Mar 2023 | £541,035 | £532,000 | 106 WALDERSLADE ROAD |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 8 Jan 2016. Using an estimated price of £248,761 means this house is valued at £2,261 per sq meter (£210 per sq foot).
The average size of a house on BURMA WAY is 93 sq meters (1,001 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Drugs | Awaiting court outcome | On or near Burma Way |
| Jul 2024 | Anti-social behaviour | On or near Burma Way | |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Burma Way |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Burma Way |
| Jun 2024 | Drugs | Under investigation | On or near Burma Way |