£246,585
This estimated value is based upon the latest sale price for the house of £228,000 on 15 Nov 2021. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £228,000 | 15 Nov 2021 |
| £132,500 | 11 Oct 2004 |
| £105,000 | 11 Jun 2004 |
| Terraced |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 2021 the House Price Index for MEDWAY was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £228,000 results in an estimated price of approximately £246,585.
| 15 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £228,000 | £18,585 | £246,585 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | 5.484 % | £12,502 | £240,502 |
| 3 Month Average | -16.499 % | £-37,618 | £190,381 |
| 6 Month Average | 0.315 % | £719 | £228,719 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £263,907 | £260,000 | 22 UPPER LUTON ROAD |
| 8 Sep 2023 | £379,857 | £375,000 | 1 THE HAMILTONS |
| 1 Sep 2023 | £222,849 | £220,000 | 58 UPPER LUTON ROAD |
| 19 Jun 2023 | £278,372 | £275,000 | 4 VIEWLANDS UPPER LUTON ROAD |
| 3 Apr 2023 | £277,993 | £275,000 | 85 IMPERIAL ROAD |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 3 Sep 2014. Using an estimated price of £246,585 means this house is valued at £2,542 per sq meter (£236 per sq foot).
The average size of a house on UPPER LUTON ROAD is 74 sq meters (805 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Hamiltons |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near The Hamiltons |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Hamiltons |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Hamiltons |
| Jan 2024 | Other crime | Unable to prosecute suspect | On or near The Hamiltons |