£81,491
This estimated value is based upon the latest sale price for the house of £31,875 on 19 Nov 2002. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £31,875 | 19 Nov 2002 |
| £30,000 | 30 Sep 2002 |
| £26,995 | 12 Oct 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 46 sq meters or 495 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in November 2002 the House Price Index for KENT was 57.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 155.659%.Applying this 155.659% change to the original purchase price of £31,875 results in an estimated price of approximately £81,491.
| 19 Nov 2002 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 57.9 | 148.0 | 155.659 % | £31,875 | £49,616 | £81,491 |
The Postcode Pricing Model uses changes in average sales price within the CT17 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 | 169.051 % | £53,885 | £85,760 |
| 3 Month Average | 171.965 % | £54,813 | £86,688 |
| 6 Month Average | 172.703 % | £55,049 | £86,924 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £69,402 | £68,980 | FIRST FLOOR MAISONETTE 54 FOLKESTONE ROAD |
| 12 Jul 2023 | £128,213 | £127,000 | 47 CLARENDON STREET |
| 6 Apr 2023 | £163,717 | £162,500 | 57 CLARENDON STREET |
| 4 Apr 2023 | £85,636 | £85,000 | SECOND FLOOR FLAT 68 FOLKESTONE ROAD |
| 4 Apr 2023 | £85,636 | £85,000 | GROUND FLOOR FLAT 68 FOLKESTONE ROAD |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 27 Sep 2010. Using an estimated price of £81,491 means this house is valued at £1,770 per sq meter (£164 per sq foot).
The average size of a house on FOLKESTONE ROAD is 104 sq meters (1,129 sq feet).