£126,279
This estimated value is based upon the latest sale price for the house of £117,000 on 22 Dec 2021. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £117,000 | 22 Dec 2021 |
| £123,250 | 28 Jan 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 51 sq meters or 548 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 December 2021 the House Price Index for KENT was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £117,000 results in an estimated price of approximately £126,279.
| 22 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £117,000 | £9,279 | £126,279 |
The Postcode Pricing Model uses changes in average sales price within the CT11 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 | 1.540 % | £1,801 | £118,801 |
| 3 Month Average | -2.224 % | £-2,602 | £114,397 |
| 6 Month Average | 10.716 % | £12,537 | £129,537 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2022 | £187,908 | £180,000 | 40 HERESON ROAD |
| 17 Mar 2022 | £151,892 | £145,500 | FLAT 3 DORMANS YARD VICTORIA ROAD |
| 22 Dec 2021 | £126,279 | £117,000 | FLAT 13 DORMANS YARD VICTORIA ROAD |
| 21 Dec 2021 | £171,070 | £158,500 | FLAT 4 DORMANS YARD VICTORIA ROAD |
| 27 Sep 2021 | £173,691 | £160,000 | FLAT 6 DORMANS YARD VICTORIA ROAD |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 5 Oct 2018. Using an estimated price of £126,279 means this house is valued at £2,476 per sq meter (£230 per sq foot).
The average size of a house on VICTORIA ROAD is 62 sq meters (667 sq feet).