£144,787
This estimated value is based upon the latest sale price for the house of £90,000 on 29 May 2007. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £90,000 | 29 May 2007 |
| £32,000 | 10 Dec 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 2007 the House Price Index for MEDWAY was 93.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.875%.Applying this 60.875% change to the original purchase price of £90,000 results in an estimated price of approximately £144,787.
| 29 May 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 149.7 | 60.875 % | £90,000 | £54,787 | £144,787 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | 84.939 % | £76,445 | £166,445 |
| 3 Month Average | 66.912 % | £60,220 | £150,220 |
| 6 Month Average | 68.680 % | £61,811 | £151,811 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £179,055 | £177,500 | 5 VICTORIA STREET |
| 17 Apr 2023 | £131,459 | £129,000 | FLAT 5 ALEESHA HOUSE, 21 RAILWAY STREET |
| 24 Jan 2023 | £410,096 | £409,000 | 23 RAILWAY STREET |
| 1 Jul 2022 | £169,700 | £168,000 | FLAT 5 49 - 51 BALMORAL ROAD |
| 27 May 2022 | £148,879 | £145,000 | FLAT 6 35 RAILWAY STREET |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 24 Aug 2016. Using an estimated price of £144,787 means this house is valued at £2,895 per sq meter (£269 per sq foot).
The average size of a house on BALMORAL ROAD is 94 sq meters (1,018 sq feet).