£178,464
This estimated value is based upon the latest sale price for the house of £177,500 on 2 Mar 2023. This value is then adjusted by the current Official House Price Index for MEDWAY 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £177,500 | 2 Mar 2023 |
| Terraced |
| Freehold |
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 2023 the House Price Index for MEDWAY was 147.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.543%.Applying this 0.543% change to the original purchase price of £177,500 results in an estimated price of approximately £178,464.
| 2 Mar 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.0 | 0.543 % | £177,500 | £964 | £178,464 |
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 | -6.949 % | £-12,333 | £165,166 |
| 3 Month Average | 4.841 % | £8,593 | £186,093 |
| 6 Month Average | -1.547 % | £-2,746 | £174,753 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £216,315 | £215,000 | 52 OTWAY STREET |
| 4 Aug 2023 | £216,315 | £215,000 | 31 CROMWELL TERRACE |
| 21 Apr 2023 | £171,273 | £170,000 | 30 CROMWELL TERRACE |
| 21 Mar 2023 | £201,087 | £200,000 | 34 HARTINGTON STREET |
| 2 Mar 2023 | £178,465 | £177,500 | 5 CROMWELL TERRACE |