£384,504
This estimated value is based upon the latest sale price for the house of £305,000 on 20 Nov 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £305,000 | 20 Nov 2017 |
| Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 November 2017 the House Price Index for MEDWAY was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £305,000 results in an estimated price of approximately £384,504.
| 20 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £305,000 | £79,504 | £384,504 |
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 | 3.603 % | £10,988 | £315,988 |
| 3 Month Average | 7.754 % | £23,650 | £328,650 |
| 6 Month Average | 14.164 % | £43,198 | £348,198 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Sep 2023 | £172,202 | £170,000 | 34 ARDEN STREET |
| 29 Aug 2023 | £166,456 | £165,000 | 11 MILL ROAD |
| 15 Aug 2023 | £229,003 | £227,000 | 8 FOX STREET |
| 8 Jul 2022 | £195,526 | £195,000 | 57 FOX STREET |
| 25 Mar 2022 | £367,873 | £355,000 | 24 MILL ROAD |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 12 Sep 2017. Using an estimated price of £384,504 means this house is valued at £3,806 per sq meter (£353 per sq foot).
The average size of a house on MILL ROAD is 93 sq meters (1,005 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Further investigation is not in the public interest | On or near Black Lion Court |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Black Lion Court |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Black Lion Court |
| Jan 2024 | Drugs | Awaiting court outcome | On or near Black Lion Court |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Black Lion Court |