£242,844
This estimated value is based upon the latest sale price for the house of £225,000 on 16 Dec 2021. This value is then adjusted by the current Official House Price Index for KENT 1
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Price Paid | Date |
---|---|
£225,000 | 16 Dec 2021 |
£184,000 | 20 Dec 2010 |
Flats/Maisonettes |
Leasehold |
Floor Area: 59 sq meters or 635 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 £225,000 results in an estimated price of approximately £242,844.
16 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 149.7 | 7.931 % | £225,000 | £17,844 | £242,844 |
The Postcode Pricing Model uses changes in average sales price within the TN1 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 | 7.472 % | £16,811 | £241,811 |
3 Month Average | 16.781 % | £37,757 | £262,757 |
6 Month Average | -5.441 % | £-12,242 | £212,757 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Jun 2024 | £340,000 | £340,000 | 40 QUARRY ROAD |
27 Feb 2023 | £251,681 | £250,000 | 3 WIGG HOUSE MEDWAY ROAD |
17 Feb 2023 | £241,614 | £240,000 | 57 KENSINGTON COURT MEDWAY ROAD |
16 Sep 2022 | £325,782 | £326,000 | 36 QUARRY ROAD |
29 Jun 2022 | £445,524 | £436,000 | 37B QUARRY ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 8 Sep 2020. Using an estimated price of £242,844 means this house is valued at £4,116 per sq meter (£382 per sq foot).
The average size of a house on MEDWAY ROAD is 67 sq meters (726 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Grosvenor Bridge | |
Jun 2024 | Anti-social behaviour | On or near Grosvenor Bridge | |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grosvenor Bridge |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grosvenor Bridge |
Jul 2024 | Anti-social behaviour | On or near Medway Road |