£214,835
This estimated value is based upon the latest sale price for the house of £120,000 on 6 Jan 2006. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £120,000 | 6 Jan 2006 |
| £58,000 | 18 Jul 2001 |
| Terraced |
| Freehold |
| Floor Area: 116 sq meters or 1,248 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 2006 the House Price Index for MEDWAY was 83.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 79.030%.Applying this 79.030% change to the original purchase price of £120,000 results in an estimated price of approximately £214,835.
| 6 Jan 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.0 | 148.6 | 79.030 % | £120,000 | £94,835 | £214,835 |
The Postcode Pricing Model uses changes in average sales price within the ME4 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 | 57.312 % | £68,774 | £188,774 |
| 3 Month Average | 32.277 % | £38,732 | £158,732 |
| 6 Month Average | 70.259 % | £84,310 | £204,310 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £172,000 | £172,000 | 21 INSTITUTE ROAD |
| 2 Nov 2023 | £192,855 | £190,000 | 20 INSTITUTE ROAD |
| 10 Feb 2023 | £139,906 | £140,000 | FLAT 2 8 INSTITUTE ROAD |
| 18 Jan 2023 | £89,080 | £89,500 | 6 ARCHES VIEW |
| 20 Sep 2022 | £217,742 | £219,500 | 26 INSTITUTE ROAD |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 13 Sep 2016. Using an estimated price of £214,836 means this house is valued at £1,852 per sq meter (£172 per sq foot).
The average size of a house on INSTITUTE ROAD is 87 sq meters (937 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Meadowbank Road |
| Mar 2024 | Possession of weapons | Unable to prosecute suspect | On or near Meadowbank Road |
| Mar 2024 | Anti-social behaviour | On or near Meadowbank Road | |
| Mar 2024 | Public order | Under investigation | On or near Meadowbank Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Meadowbank Road |