£233,398
This estimated value is based upon the latest sale price for the house of £197,500 on 5 Oct 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £197,500 | 5 Oct 2020 |
| £71,000 | 5 Dec 2001 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 2020 the House Price Index for MEDWAY was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £197,500 results in an estimated price of approximately £233,398.
| 5 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £197,500 | £35,898 | £233,398 |
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 | 8.892 % | £17,560 | £215,060 |
| 3 Month Average | 2.186 % | £4,318 | £201,818 |
| 6 Month Average | 5.173 % | £10,216 | £207,716 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £175,389 | £170,000 | 45 KING EDWARD ROAD |
| 30 Oct 2023 | £375,529 | £367,000 | 93B GRANGE ROAD |
| 8 Sep 2023 | £235,184 | £230,000 | 65 KING EDWARD ROAD |
| 9 Aug 2023 | £252,555 | £248,000 | 2 COURT LODGE ROAD |
| 27 Jan 2023 | £250,670 | £250,000 | 10 COURT LODGE ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 11 Mar 2020. Using an estimated price of £233,399 means this house is valued at £3,111 per sq meter (£289 per sq foot).
The average size of a house on KING EDWARD ROAD is 71 sq meters (769 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Marble Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near King Edward Road |
| Sep 2024 | Anti-social behaviour | On or near King Edward Road | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near King Edward Road |
| Sep 2024 | Drugs | Investigation complete; no suspect identified | On or near King Edward Road |