£279,375
This estimated value is based upon the latest sale price for the house of £145,000 on 12 Aug 2004. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £145,000 | 12 Aug 2004 |
| £47,000 | 15 May 1998 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 August 2004 the House Price Index for MEDWAY was 77.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 92.673%.Applying this 92.673% change to the original purchase price of £145,000 results in an estimated price of approximately £279,375.
| 12 Aug 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 148.6 | 92.673 % | £145,000 | £134,375 | £279,375 |
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 | 50.907 % | £73,814 | £218,814 |
| 3 Month Average | 69.594 % | £100,911 | £245,911 |
| 6 Month Average | 109.327 % | £158,524 | £303,524 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £310,432 | £305,000 | 6 OPAL GREEN |
| 10 Jun 2022 | £297,707 | £293,500 | 9 ALBION ROAD |
| 25 May 2022 | £281,300 | £276,000 | 7 TRELAWN CRESCENT |
| 21 Mar 2022 | £281,863 | £272,000 | 2 BULLDOG ROAD |
| 17 Dec 2021 | £257,131 | £240,000 | 41 SLADE CLOSE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 2 Jul 2013. Using an estimated price of £279,376 means this house is valued at £3,536 per sq meter (£328 per sq foot).
The average size of a house on PHOENIX ROAD is 94 sq meters (1,022 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Albion Road |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Albion Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Albion Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Slade Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Slade Close |