£313,708
This estimated value is based upon the latest sale price for the house of £225,000 on 2 Dec 2015. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £225,000 | 2 Dec 2015 |
| £69,000 | 7 Sep 2001 |
| Terraced |
| Freehold |
| Floor Area: 98 sq meters or 1,061 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 2015 the House Price Index for MEDWAY was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £225,000 results in an estimated price of approximately £313,708.
| 2 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 149.7 | 39.426 % | £225,000 | £88,708 | £313,708 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 7.956 % | £17,900 | £242,900 |
| 3 Month Average | 22.653 % | £50,969 | £275,969 |
| 6 Month Average | 31.329 % | £70,491 | £295,491 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £365,617 | £360,000 | 49 ELMFIELD |
| 26 Jun 2023 | £289,808 | £284,000 | 39 CHILHAM ROAD |
| 28 Apr 2023 | £305,718 | £300,000 | 61 ELMFIELD |
| 27 Jul 2022 | £272,733 | £270,000 | 47 CHILHAM ROAD |
| 19 Nov 2021 | £310,513 | £285,000 | 109 EASTCOURT LANE |
This house has a floor area of 98 sq meters or 1,061 sq feet when measured on 18 Feb 2009. Using an estimated price of £313,708 means this house is valued at £3,181 per sq meter (£295 per sq foot).
The average size of a house on CHILHAM ROAD is 87 sq meters (941 sq feet).
This house is the largest in the street with a floor area of 98 sq meters (1,061 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Chilham Road |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Chilham Road |
| May 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Elmfield |
| Jul 2024 | Vehicle crime | Under investigation | On or near Eastcourt Lane |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Eastcourt Lane |