£241,939
This estimated value is based upon the latest sale price for the house of £175,000 on 26 Jan 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £175,000 | 26 Jan 2016 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 January 2016 the House Price Index for MEDWAY was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £175,000 results in an estimated price of approximately £241,939.
| 26 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £175,000 | £66,939 | £241,939 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | 24.497 % | £42,869 | £217,869 |
| 3 Month Average | 29.740 % | £52,044 | £227,044 |
| 6 Month Average | 37.853 % | £66,243 | £241,243 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £101,837 | £100,000 | FLAT 2 92 BALMORAL ROAD |
| 13 May 2022 | £170,440 | £166,000 | FLAT 2 88 DUNCAN ROAD |
| 16 Feb 2022 | £295,808 | £280,000 | 46 FRANKLIN ROAD |
| 22 Dec 2021 | £361,568 | £335,000 | 93 BALMORAL ROAD |
| 23 Aug 2021 | £221,403 | £197,000 | 18 FRANKLIN ROAD |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 6 Dec 2015. Using an estimated price of £241,940 means this house is valued at £2,160 per sq meter (£200 per sq foot).
The average size of a house on BALMORAL ROAD is 94 sq meters (1,018 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Balmoral Road |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Balmoral Road |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Balmoral Road |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Balmoral Road |
| Jul 2024 | Public order | Investigation complete; no suspect identified | On or near Balmoral Road |