£244,301
This estimated value is based upon the latest sale price for the house of £139,959 on 23 May 2006. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £139,959 | 23 May 2006 |
| £114,000 | 18 Nov 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 67 sq meters or 729 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 May 2006 the House Price Index for KENT was 85.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 74.552%.Applying this 74.552% change to the original purchase price of £139,959 results in an estimated price of approximately £244,301.
| 23 May 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 148.6 | 74.552 % | £139,959 | £104,342 | £244,301 |
The Postcode Pricing Model uses changes in average sales price within the ME15 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 | 101.785 % | £142,457 | £282,416 |
| 3 Month Average | 65.832 % | £92,137 | £232,096 |
| 6 Month Average | 68.296 % | £95,586 | £235,545 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Sep 2023 | £222,849 | £220,000 | 3 BRUNSWICK STREET EAST |
| 25 Aug 2023 | £221,942 | £220,000 | 54 MELVILLE ROAD |
| 21 Jul 2023 | £269,629 | £266,000 | 71 MELVILLE ROAD |
| 29 Jun 2023 | £283,433 | £280,000 | 49 MELVILLE ROAD |
| 8 Jul 2022 | £241,650 | £241,000 | 23 MELVILLE ROAD |
This house has a floor area of 67 sq meters or 729 sq feet when measured on 17 Apr 2009. Using an estimated price of £244,301 means this house is valued at £3,603 per sq meter (£334 per sq foot).
The average size of a house on MELVILLE ROAD is 83 sq meters (895 sq feet).