£134,046
This estimated value is based upon the latest sale price for the house of £31,000 on 9 Aug 1999. This value is then adjusted by the current Official House Price Index for MEDWAY 1
There has been one burglary within the last year on or near Albert Road
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| Price Paid | Date |
|---|---|
| £31,000 | 9 Aug 1999 |
| £32,000 | 28 Jan 1999 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 August 1999 the House Price Index for MEDWAY was 34.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 332.409%.Applying this 332.409% change to the original purchase price of £31,000 results in an estimated price of approximately £134,046.
| 9 Aug 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.6 | 149.7 | 332.409 % | £31,000 | £103,046 | £134,046 |
The Postcode Pricing Model uses changes in average sales price within the ME4 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 | 342.636 % | £106,217 | £137,217 |
| 3 Month Average | 315.815 % | £97,902 | £128,902 |
| 6 Month Average | 322.680 % | £100,030 | £131,030 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2024 | £230,000 | £230,000 | 61 ERNEST ROAD |
| 3 Apr 2024 | £174,011 | £172,500 | BRAEMAR ALBERT ROAD |
| 15 Dec 2023 | £200,150 | £194,000 | 18 ERNEST ROAD |
| 2 Oct 2023 | £255,810 | £250,000 | 58 ERNEST ROAD |
| 13 Apr 2023 | £30,572 | £30,000 | 76 ALBERT ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 10 Jun 2021. Using an estimated price of £134,047 means this house is valued at £1,634 per sq meter (£151 per sq foot).
The average size of a house on ALBERT ROAD is 66 sq meters (715 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Burglary | Unable to prosecute suspect | On or near Albert Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Albert Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Albert Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Albert Road |
| Sep 2024 | Criminal damage and arson | Awaiting court outcome | On or near Albert Road |