£213,505
This estimated value is based upon the latest sale price for the house of £160,000 on 21 Oct 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £160,000 | 21 Oct 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 46 sq meters or 495 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 October 2016 the House Price Index for MEDWAY was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £160,000 results in an estimated price of approximately £213,505.
| 21 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £160,000 | £53,505 | £213,505 |
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 | 1.715 % | £2,744 | £162,744 |
| 3 Month Average | 19.728 % | £31,564 | £191,564 |
| 6 Month Average | 20.570 % | £32,912 | £192,912 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2023 | £93,754 | £92,000 | 4 CAZENEUVE STREET |
| 16 Feb 2023 | £276,849 | £275,000 | 8 PRIORY COURT GRAVEL WALK |
| 22 Apr 2022 | £191,923 | £185,000 | 18A VICTORIA STREET |
| 19 Apr 2022 | £184,661 | £178,000 | FLAT 2 PICKWICK PLACE, 34 THE TERRACE |
| 8 Apr 2022 | £219,933 | £212,000 | FLAT 7 FARADAY HOUSE HIGH STREET |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 17 Mar 2018. Using an estimated price of £213,506 means this house is valued at £4,641 per sq meter (£431 per sq foot).
The average size of a house on THE TERRACE is 104 sq meters (1,120 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Under investigation | On or near Victoria Street |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Street |
| Aug 2024 | Other theft | Unable to prosecute suspect | On or near Victoria Street |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Street |
| Sep 2024 | Public order | Investigation complete; no suspect identified | On or near Parking Area |