5 WHITE HUTS ROAD

£287,292

Full Address

5 WHITE HUTS ROAD
RAINHAM
GILLINGHAM
MEDWAY
UNITED KINGDOM
ME8 8FU

Estimated Market Value

£287,292

This estimated value is based upon the latest sale price for the house of £280,000 on 30 Nov 2023. This value is then adjusted by the current Official House Price Index for MEDWAY 1

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Transactions for this house
Price PaidDate
£280,00030 Nov 2023
House Details
Terraced
Freehold

House Price Models

Land Registry House Price Index Model

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 November 2023 the House Price Index for MEDWAY was 145.9.

The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.

Applying this 2.605% change to the original purchase price of £280,000 results in an estimated price of approximately £287,292.

30 Nov 2023 1 May 2024 % change Purchase Price Gain / Loss Estimated Price
145.9 149.7 2.605 % £280,000 £7,292 £287,292

The Postcode Pricing Model uses changes in average sales price within the ME8 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 27.063 % £75,776 £355,776
3 Month Average 2.541 % £7,113 £287,113
6 Month Average 3.566 % £9,984 £289,984
1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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