£225,460
This estimated value is based upon the latest sale price for the house of £195,000 on 1 Dec 2020. 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 Morgan Road
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| Price Paid | Date |
|---|---|
| £195,000 | 1 Dec 2020 |
| £150,000 | 16 Dec 2019 |
| Terraced |
| Freehold |
| Floor Area: 62 sq meters or 667 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 December 2020 the House Price Index for MEDWAY was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £195,000 results in an estimated price of approximately £225,460.
| 1 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £195,000 | £30,460 | £225,460 |
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 | 7.527 % | £14,676 | £209,676 |
| 3 Month Average | 13.080 % | £25,506 | £220,506 |
| 6 Month Average | 10.421 % | £20,320 | £215,320 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Oct 2023 | £266,042 | £260,000 | 41 MONTFORT ROAD |
| 29 Sep 2023 | £181,501 | £177,500 | 66 MONTFORT ROAD |
| 1 Aug 2023 | £220,986 | £217,000 | 29 MONTFORT ROAD |
| 7 Jun 2023 | £209,192 | £205,000 | 90 MONTFORT ROAD |
| 10 Jan 2023 | £215,576 | £215,000 | 55 MONTFORT ROAD |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 10 Jul 2018. Using an estimated price of £225,461 means this house is valued at £3,636 per sq meter (£337 per sq foot).
The average size of a house on MONTFORT ROAD is 71 sq meters (774 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Morgan Road |
| Sep 2024 | Other crime | Under investigation | On or near Glanville Road |
| Sep 2024 | Drugs | Under investigation | On or near Glanville Road |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Glanville Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brompton Lane |