£431,386
This estimated value is based upon the latest sale price for the house of £425,000 on 7 Nov 2023. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £425,000 | 7 Nov 2023 |
| £385,000 | 21 Mar 2022 |
| £191,500 | 17 Oct 2002 |
| Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 2023 the House Price Index for MEDWAY was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £425,000 results in an estimated price of approximately £431,386.
| 7 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £425,000 | £6,386 | £431,386 |
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 | -45.794 % | £-194,622 | £230,377 |
| 3 Month Average | -12.924 % | £-54,925 | £370,074 |
| 6 Month Average | 0.582 % | £2,472 | £427,472 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Nov 2023 | £431,387 | £425,000 | 70 PRINCE CHARLES AVENUE |
| 22 Sep 2023 | £243,108 | £240,000 | 37 PRINCE CHARLES AVENUE |
| 22 Sep 2023 | £197,526 | £195,000 | 16 WETHERAL DRIVE |
| 1 Aug 2023 | £292,559 | £290,000 | 14 SUNDRIDGE DRIVE |
| 24 Jul 2023 | £172,319 | £170,000 | 20 WETHERAL DRIVE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 9 Jan 2018. Using an estimated price of £431,387 means this house is valued at £6,162 per sq meter (£572 per sq foot).
The average size of a house on PRINCE CHARLES AVENUE is 121 sq meters (1,312 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Wetheral Drive | |
| Feb 2024 | Anti-social behaviour | On or near Wetheral Drive | |
| Feb 2024 | Anti-social behaviour | On or near Wetheral Drive | |
| Feb 2024 | Anti-social behaviour | On or near Wetheral Drive | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Scotby Avenue |