£242,376
This estimated value is based upon the latest sale price for the house of £200,000 on 3 Apr 2020. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £200,000 | 3 Apr 2020 |
| £145,000 | 18 Jun 2004 |
| £128,500 | 12 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 April 2020 the House Price Index for KENT was 121.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.188%.Applying this 21.188% change to the original purchase price of £200,000 results in an estimated price of approximately £242,376.
| 3 Apr 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 146.7 | 21.188 % | £200,000 | £42,376 | £242,376 |
The Postcode Pricing Model uses changes in average sales price within the CT2 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 | -14.433 % | £-28,865 | £171,134 |
| 3 Month Average | -9.826 % | £-19,652 | £180,347 |
| 6 Month Average | 17.764 % | £35,527 | £235,527 |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 10 Jan 2018.
The average size of a house on MERCHANTS WAY is 84 sq meters (906 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Bakers Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bakers Close |
| Mar 2024 | Burglary | Under investigation | On or near Merchants Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Merchants Way |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merchants Way |