£337,981
This estimated value is based upon the latest sale price for the house of £217,500 on 27 Mar 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £217,500 | 27 Mar 2014 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 2014 the House Price Index for MEDWAY was 94.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 55.394%.Applying this 55.394% change to the original purchase price of £217,500 results in an estimated price of approximately £337,981.
| 27 Mar 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 146.7 | 55.394 % | £217,500 | £120,481 | £337,981 |
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 | 34.839 % | £75,774 | £293,274 |
| 3 Month Average | 27.863 % | £60,602 | £278,102 |
| 6 Month Average | 55.298 % | £120,272 | £337,772 |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 28 Oct 2013.
The average size of a house on ARMADA WAY is 65 sq meters (700 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Armada Way |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Armada Way |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Armada Way |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Mount Road |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Mount Road |