£223,334
This estimated value is based upon the latest sale price for the house of £140,000 on 28 Feb 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £140,000 | 28 Feb 2014 |
| Terraced |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 February 2014 the House Price Index for MEDWAY was 93.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.525%.Applying this 59.525% change to the original purchase price of £140,000 results in an estimated price of approximately £223,334.
| 28 Feb 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 149.7 | 59.525 % | £140,000 | £83,334 | £223,334 |
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 | 64.140 % | £89,795 | £229,795 |
| 3 Month Average | 57.493 % | £80,490 | £220,490 |
| 6 Month Average | 51.221 % | £71,709 | £211,709 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2024 | £230,000 | £230,000 | 61 ERNEST ROAD |
| 28 Jun 2024 | £255,000 | £255,000 | 62 OTWAY STREET |
| 15 Dec 2023 | £200,150 | £194,000 | 18 ERNEST ROAD |
| 2 Oct 2023 | £255,810 | £250,000 | 58 ERNEST ROAD |
| 20 Feb 2023 | £191,680 | £190,400 | 26 SYDNEY ROAD |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 25 Oct 2013. Using an estimated price of £223,335 means this house is valued at £2,048 per sq meter (£190 per sq foot).
The average size of a house on SYDNEY ROAD is 76 sq meters (820 sq feet).
This house is the largest in the street with a floor area of 109 sq meters (1,173 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sydney Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sydney Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hilda Road |
| Aug 2024 | Other crime | Awaiting court outcome | On or near Hilda Road |
| Jul 2024 | Violence and sexual offences | Awaiting court outcome | On or near Hilda Road |