£298,711
This estimated value is based upon the latest sale price for the house of £240,000 on 28 Jun 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £240,000 | 28 Jun 2019 |
| £192,500 | 10 Jan 2017 |
| Terraced |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 June 2019 the House Price Index for MEDWAY was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £240,000 results in an estimated price of approximately £298,711.
| 28 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.463 % | £240,000 | £58,711 | £298,711 |
The Postcode Pricing Model uses changes in average sales price within the ME2 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 | 40.804 % | £97,929 | £337,929 |
| 3 Month Average | 25.081 % | £60,193 | £300,193 |
| 6 Month Average | 16.340 % | £39,215 | £279,215 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £213,277 | £210,000 | 54 GROVE ROAD |
| 3 Nov 2023 | £277,032 | £270,000 | 15 BOWES ROAD |
| 4 Aug 2023 | £217,931 | £214,000 | 27 GRANGE ROAD |
| 3 Aug 2023 | £269,867 | £265,000 | 10 GROVE ROAD |
| 25 Jan 2023 | £265,710 | £265,000 | 50 GROVE ROAD |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 7 Nov 2013. Using an estimated price of £298,712 means this house is valued at £2,468 per sq meter (£229 per sq foot).
The average size of a house on GROVE ROAD is 95 sq meters (1,023 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Grove Road | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Grove Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grove Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grove Road |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Grove Road |