£349,459
This estimated value is based upon the latest sale price for the house of £327,500 on 9 Dec 2021. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £327,500 | 9 Dec 2021 |
| £186,000 | 5 Jul 2007 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 December 2021 the House Price Index for MEDWAY was 138.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.705%.Applying this 6.705% change to the original purchase price of £327,500 results in an estimated price of approximately £349,459.
| 9 Dec 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.0 | 6.705 % | £327,500 | £21,959 | £349,459 |
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 | 32.471 % | £106,342 | £433,842 |
| 3 Month Average | -2.580 % | £-8,450 | £319,049 |
| 6 Month Average | 10.482 % | £34,327 | £361,827 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Mar 2024 | £280,949 | £280,000 | 52 STAG ROAD |
| 22 Nov 2023 | £422,929 | £417,500 | 3 ARCHER ROAD |
| 17 Apr 2023 | £357,658 | £355,000 | 12 STAG ROAD |
| 5 Aug 2022 | £1,619,060 | £1,630,000 | 221 LORDS WOOD LANE |
| 1 Jul 2022 | £314,575 | £315,000 | 7 STAG ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 2 Jul 2018. Using an estimated price of £349,459 means this house is valued at £5,294 per sq meter (£491 per sq foot).
The average size of a house on ARCHER ROAD is 99 sq meters (1,065 sq feet).
This house is the largest in the street with a floor area of 66 sq meters (710 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stag Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bowman Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Scarlett Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Defoe Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Halifax Close |