£580,468
This estimated value is based upon the latest sale price for the house of £435,000 on 27 Oct 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £435,000 | 27 Oct 2016 |
| £112,000 | 12 Mar 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 146 sq meters or 1,571 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 October 2016 the House Price Index for MEDWAY was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £435,000 results in an estimated price of approximately £580,468.
| 27 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £435,000 | £145,468 | £580,468 |
The Postcode Pricing Model uses changes in average sales price within the ME1 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 | 1.715 % | £7,461 | £442,461 |
| 3 Month Average | 19.728 % | £85,815 | £520,815 |
| 6 Month Average | 20.570 % | £89,479 | £524,479 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £350,000 | £350,000 | 43 HOWARD AVENUE |
| 19 Mar 2024 | £233,589 | £230,000 | 59 DELCE ROAD |
| 18 Dec 2023 | £412,681 | £400,000 | 8 CITY WAY |
| 4 Jan 2023 | £285,764 | £285,000 | 22 ROCHESTER AVENUE |
| 29 Jul 2022 | £252,530 | £250,000 | 40 ST PETER STREET |
This house has a floor area of 146 sq meters or 1,571 sq feet when measured on 20 Jul 2016. Using an estimated price of £580,469 means this house is valued at £3,975 per sq meter (£369 per sq foot).
The average size of a house on CITY WAY is 118 sq meters (1,272 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Delce Road |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Sep 2024 | Robbery | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sports/Recreation Area |