£172,878
This estimated value is based upon the latest sale price for the house of £100,000 on 10 Oct 2011. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £100,000 | 10 Oct 2011 |
| £32,500 | 8 Aug 1997 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 692 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 October 2011 the House Price Index for MEDWAY was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.878%.Applying this 72.878% change to the original purchase price of £100,000 results in an estimated price of approximately £172,878.
| 10 Oct 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.878 % | £100,000 | £72,878 | £172,878 |
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 | 74.429 % | £74,429 | £174,429 |
| 3 Month Average | 50.269 % | £50,268 | £150,268 |
| 6 Month Average | 68.311 % | £68,310 | £168,310 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £253,238 | £250,000 | 2 COBDEN ROAD |
| 5 Sep 2023 | £111,425 | £110,000 | 13 GROVE ROAD |
| 17 Jul 2023 | £233,645 | £230,500 | 24 COBDEN ROAD |
| 21 Apr 2023 | £227,449 | £225,000 | 5 LEONARD ROAD |
| 21 Apr 2023 | £192,068 | £190,000 | 51 GROVE ROAD |
This house has a floor area of 64 sq meters or 692 sq feet when measured on 6 Apr 2011. Using an estimated price of £172,878 means this house is valued at £2,686 per sq meter (£249 per sq foot).
The average size of a house on GROVE ROAD is 69 sq meters (751 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Grove Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Grove Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Grove Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Grove Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Grove Road |