£206,738
This estimated value is based upon the latest sale price for the house of £195,000 on 14 Jan 2022. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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Price Paid | Date |
---|---|
£195,000 | 14 Jan 2022 |
£153,500 | 25 Nov 2016 |
£124,000 | 15 Jun 2007 |
£41,000 | 2 Dec 1999 |
Terraced |
Freehold |
Floor Area: 67 sq meters or 721 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 2022 the House Price Index for MEDWAY was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £195,000 results in an estimated price of approximately £206,738.
14 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.2 | 149.7 | 6.020 % | £195,000 | £11,738 | £206,738 |
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 | 7.213 % | £14,066 | £209,066 |
3 Month Average | -4.029 % | £-7,857 | £187,142 |
6 Month Average | 6.598 % | £12,866 | £207,866 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £196,023 | £190,000 | 26 STURLA ROAD |
15 Dec 2023 | £366,254 | £355,000 | 12 STEVEN CLOSE |
27 Sep 2023 | £209,621 | £205,000 | 58 MELBOURNE ROAD |
31 Aug 2023 | £252,555 | £248,000 | 7 HOPE STREET |
18 Aug 2023 | £253,573 | £249,000 | 61 STURLA ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 21 Jun 2016. Using an estimated price of £206,739 means this house is valued at £3,085 per sq meter (£286 per sq foot).
The average size of a house on MELBOURNE ROAD is 73 sq meters (791 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Public order | Unable to prosecute suspect | On or near Hannah Close |
Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Melbourne Road |
May 2024 | Other crime | Awaiting court outcome | On or near Melbourne Road |
May 2024 | Other crime | Awaiting court outcome | On or near Melbourne Road |
Apr 2024 | Anti-social behaviour | On or near Melbourne Road |