£269,428
This estimated value is based upon the latest sale price for the house of £260,000 on 28 Mar 2022. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £260,000 | 28 Mar 2022 |
| £99,500 | 30 Jan 2003 |
| £71,995 | 17 Aug 2001 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 March 2022 the House Price Index for MEDWAY was 143.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 3.626%.Applying this 3.626% change to the original purchase price of £260,000 results in an estimated price of approximately £269,428.
| 28 Mar 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.6 | 3.626 % | £260,000 | £9,428 | £269,428 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | -15.415 % | £-40,079 | £219,920 |
| 3 Month Average | -10.563 % | £-27,463 | £232,536 |
| 6 Month Average | 0.109 % | £284 | £260,284 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £233,456 | £230,000 | 27 FOURTH AVENUE |
| 14 Aug 2023 | £322,824 | £320,000 | 70 STURDEE AVENUE |
| 30 Nov 2022 | £247,008 | £250,000 | 40 FOURTH AVENUE |
| 17 Jun 2022 | £263,727 | £260,000 | 92 CARLTON AVENUE |
| 28 Mar 2022 | £269,428 | £260,000 | 4 FOURTH AVENUE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 15 Sep 2021. Using an estimated price of £269,428 means this house is valued at £3,904 per sq meter (£362 per sq foot).
The average size of a house on FOURTH AVENUE is 71 sq meters (771 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fourth Avenue |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fourth Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fourth Avenue |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Fourth Avenue |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Fourth Avenue |