£238,491
This estimated value is based upon the latest sale price for the house of £170,000 on 10 Nov 2015. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £170,000 | 10 Nov 2015 |
| Semi-Detached |
| 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 November 2015 the House Price Index for MEDWAY was 106.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 40.289%.Applying this 40.289% change to the original purchase price of £170,000 results in an estimated price of approximately £238,491.
| 10 Nov 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 149.7 | 40.289 % | £170,000 | £68,491 | £238,491 |
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 | 12.769 % | £21,707 | £191,707 |
| 3 Month Average | 27.930 % | £47,481 | £217,481 |
| 6 Month Average | 35.871 % | £60,980 | £230,980 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jul 2024 | £265,000 | £265,000 | 73 ELMFIELD |
| 7 Mar 2024 | £365,617 | £360,000 | 49 ELMFIELD |
| 26 Jun 2023 | £289,808 | £284,000 | 39 CHILHAM ROAD |
| 28 Apr 2023 | £305,718 | £300,000 | 61 ELMFIELD |
| 27 Jul 2022 | £272,733 | £270,000 | 47 CHILHAM ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 15 Sep 2015. Using an estimated price of £238,492 means this house is valued at £3,456 per sq meter (£321 per sq foot).
The average size of a house on CHILHAM ROAD is 87 sq meters (941 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Eastcourt Lane |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Chilham Road |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Elmfield |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Lamberhurst Green |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lamberhurst Green |