£240,000
This estimated value is based upon the latest sale price for the house of £216,000 on 20 Aug 2021. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £216,000 | 20 Aug 2021 |
| £155,000 | 26 Oct 2018 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 August 2021 the House Price Index for MEDWAY was 133.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 11.111%.Applying this 11.111% change to the original purchase price of £216,000 results in an estimated price of approximately £240,000.
| 20 Aug 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.0 | 11.111 % | £216,000 | £24,000 | £240,000 |
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 | -2.371 % | £-5,120 | £210,879 |
| 3 Month Average | 8.063 % | £17,415 | £233,415 |
| 6 Month Average | 9.160 % | £19,785 | £235,785 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £207,666 | £205,000 | 3 NATAL ROAD |
| 1 Nov 2023 | £202,601 | £200,000 | 4 NATAL ROAD |
| 5 Jul 2023 | £307,913 | £305,000 | 16 BULLER ROAD |
| 27 Jan 2023 | £223,041 | £225,000 | 17 NATAL ROAD |
| 25 Jan 2023 | £214,119 | £216,000 | 7 REDVERS ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 18 Jun 2021. Using an estimated price of £240,000 means this house is valued at £3,333 per sq meter (£309 per sq foot).
The average size of a house on REDVERS ROAD is 85 sq meters (917 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Redvers Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Redvers Road |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Redvers Road |
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Buller Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Buller Road |