£246,447
This estimated value is based upon the latest sale price for the house of £200,000 on 29 May 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £200,000 | 29 May 2020 |
| £205,000 | 24 Mar 2017 |
| £160,000 | 21 Nov 2013 |
| £160,000 | 27 Jul 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 49 sq meters or 527 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 May 2020 the House Price Index for MEDWAY was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £200,000 results in an estimated price of approximately £246,447.
| 29 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £200,000 | £46,447 | £246,447 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | 44.400 % | £88,799 | £288,799 |
| 3 Month Average | 13.208 % | £26,415 | £226,415 |
| 6 Month Average | 15.644 % | £31,287 | £231,287 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £307,814 | £300,000 | 609 LORDS WOOD LANE |
| 23 Feb 2023 | £307,051 | £305,000 | 38 FANCONI ROAD |
| 26 Jan 2023 | £340,911 | £340,000 | 11 SAVAGE ROAD |
| 25 Nov 2022 | £216,654 | £217,667 | 22 ADMIRALS WALK |
| 13 Oct 2022 | £269,101 | £270,000 | 9 PORT CLOSE |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 15 Feb 2013. Using an estimated price of £246,447 means this house is valued at £5,029 per sq meter (£467 per sq foot).
The average size of a house on LORDS WOOD LANE is 105 sq meters (1,137 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Petrol Station | |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Jul 2024 | Other theft | Unable to prosecute suspect | On or near Petrol Station |
| Jun 2024 | Other theft | Under investigation | On or near Petrol Station |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |