£203,353
This estimated value is based upon the latest sale price for the house of £152,500 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £152,500 | 31 Mar 2016 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 March 2016 the House Price Index for MEDWAY was 110.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 33.347%.Applying this 33.347% change to the original purchase price of £152,500 results in an estimated price of approximately £203,353.
| 31 Mar 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 146.7 | 33.347 % | £152,500 | £50,853 | £203,353 |
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 | 27.918 % | £42,575 | £195,075 |
| 3 Month Average | 15.536 % | £23,692 | £176,192 |
| 6 Month Average | 38.920 % | £59,352 | £211,852 |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 20 Nov 2012.
The average size of a house on MELBOURNE ROAD is 73 sq meters (791 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Road |
| Mar 2024 | Anti-social behaviour | On or near Melbourne Road | |
| Mar 2024 | Anti-social behaviour | On or near Melbourne Road | |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Melbourne Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hannah Close |