£321,192
This estimated value is based upon the latest sale price for the house of £260,000 on 31 Jan 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £260,000 | 31 Jan 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 January 2019 the House Price Index for MEDWAY was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £260,000 results in an estimated price of approximately £321,192.
| 31 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.536 % | £260,000 | £61,192 | £321,192 |
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 | -28.228 % | £-73,391 | £186,608 |
| 3 Month Average | -0.975 % | £-2,534 | £257,465 |
| 6 Month Average | 4.339 % | £11,282 | £271,282 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £329,434 | £325,000 | 44 LANCELOT AVENUE |
| 23 Jun 2023 | £308,740 | £305,000 | 38 LANCELOT AVENUE |
| 9 Feb 2023 | £349,765 | £350,000 | 39 COLUMBINE ROAD |
| 30 Jan 2023 | £298,593 | £300,000 | 3 LANCELOT AVENUE |
| 2 Sep 2022 | £374,476 | £377,500 | 2 LANCELOT AVENUE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 30 Oct 2018. Using an estimated price of £321,192 means this house is valued at £3,823 per sq meter (£355 per sq foot).
The average size of a house on COLUMBINE ROAD is 91 sq meters (990 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Columbine Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Columbine Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Columbine Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Columbine Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Columbine Road |