£194,249
This estimated value is based upon the latest sale price for the house of £110,000 on 13 Apr 2006. This value is then adjusted by the current Official House Price Index for MEDWAY 1
There has been one burglary within the last year on or near Albert Road
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| Price Paid | Date |
|---|---|
| £110,000 | 13 Apr 2006 |
| £95,000 | 6 Feb 2004 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 April 2006 the House Price Index for MEDWAY was 84.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 76.591%.Applying this 76.591% change to the original purchase price of £110,000 results in an estimated price of approximately £194,249.
| 13 Apr 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.8 | 149.7 | 76.591 % | £110,000 | £84,249 | £194,249 |
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 | 69.902 % | £76,892 | £186,892 |
| 3 Month Average | 61.236 % | £67,359 | £177,359 |
| 6 Month Average | 68.621 % | £75,482 | £185,482 |
| 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 |
| 13 Apr 2023 | £30,572 | £30,000 | 76 ALBERT ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 6 Jun 2019. Using an estimated price of £194,250 means this house is valued at £2,943 per sq meter (£273 per sq foot).
The average size of a house on ALBERT ROAD is 66 sq meters (715 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Burglary | Unable to prosecute suspect | On or near Albert Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Albert Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Albert Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Albert Road |
| Sep 2024 | Criminal damage and arson | Awaiting court outcome | On or near Albert Road |