£226,848
This estimated value is based upon the latest sale price for the house of £127,500 on 10 Mar 2006. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £127,500 | 10 Mar 2006 |
| £84,500 | 31 May 2002 |
| £60,000 | 26 Jun 1998 |
| £52,900 | 22 May 1997 |
| Flats/Maisonettes |
| Leasehold |
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 March 2006 the House Price Index for MEDWAY was 84.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 77.920%.Applying this 77.920% change to the original purchase price of £127,500 results in an estimated price of approximately £226,848.
| 10 Mar 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.1 | 149.7 | 77.920 % | £127,500 | £99,348 | £226,848 |
The Postcode Pricing Model uses changes in average sales price within the ME1 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 | 99.447 % | £126,794 | £254,294 |
| 3 Month Average | 118.873 % | £151,562 | £279,062 |
| 6 Month Average | 99.012 % | £126,240 | £253,740 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £213,277 | £210,000 | 8 THE MARINERS |
| 8 Sep 2023 | £260,748 | £255,000 | FLAT 40 BRIDGE HOUSE VALETTA WAY |
| 22 Jul 2022 | £207,075 | £205,000 | FLAT 19 BRIDGE HOUSE VALETTA WAY |
| 22 Jul 2022 | £187,883 | £186,000 | 22 THE MARINERS |
| 29 Jun 2022 | £224,805 | £220,000 | 23 THE MARINERS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Valetta Way |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Valetta Way |