£172,023
This estimated value is based upon the latest sale price for the house of £140,000 on 7 Jan 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £140,000 | 7 Jan 2020 |
| £90,000 | 30 Apr 2003 |
| £36,500 | 10 Sep 1999 |
| £28,500 | 12 Dec 1997 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 2020 the House Price Index for MEDWAY was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £140,000 results in an estimated price of approximately £172,023.
| 7 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £140,000 | £32,023 | £172,023 |
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 | 28.248 % | £39,547 | £179,547 |
| 3 Month Average | 16.067 % | £22,493 | £162,493 |
| 6 Month Average | 12.116 % | £16,962 | £156,962 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2024 | £230,000 | £230,000 | 61 ERNEST ROAD |
| 3 Apr 2024 | £174,011 | £172,500 | BRAEMAR ALBERT ROAD |
| 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 68 sq meters or 731 sq feet when measured on 21 Jan 2016. Using an estimated price of £172,024 means this house is valued at £2,529 per sq meter (£235 per sq foot).
The average size of a house on ERNEST ROAD is 99 sq meters (1,069 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 |
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Ernest Road |
| Oct 2024 | Other crime | Under investigation | On or near Ernest Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Ernest Road |