£252,387
This estimated value is based upon the latest sale price for the house of £250,000 on 7 Jul 2023. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £250,000 | 7 Jul 2023 |
| £39,000 | 11 May 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 July 2023 the House Price Index for MEDWAY was 146.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.955%.Applying this 0.955% change to the original purchase price of £250,000 results in an estimated price of approximately £252,387.
| 7 Jul 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.0 | 0.955 % | £250,000 | £2,387 | £252,387 |
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 | 103.626 % | £259,063 | £509,063 |
| 3 Month Average | -3.656 % | £-9,140 | £240,859 |
| 6 Month Average | -3.810 % | £-9,525 | £240,474 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £352,141 | £350,000 | 39 STURRY WAY |
| 7 Jul 2023 | £252,387 | £250,000 | 6 PRESTON WAY |
| 12 Apr 2023 | £307,284 | £305,000 | 16 HERNE ROAD |
| 3 Mar 2023 | £258,397 | £257,000 | 8 PRESTON WAY |
| 20 Feb 2023 | £358,305 | £360,000 | 4 STURRY WAY |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 23 Sep 2014. Using an estimated price of £252,387 means this house is valued at £3,365 per sq meter (£312 per sq foot).
The average size of a house on PRESTON WAY is 97 sq meters (1,051 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Romany Court |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Herne Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sturry Way |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sturry Way |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woodchurch Crescent |