£253,257
This estimated value is based upon the latest sale price for the house of £180,000 on 23 Oct 2015. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £180,000 | 23 Oct 2015 |
| £120,000 | 4 Jan 2010 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,155 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 2015 the House Price Index for MEDWAY was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £180,000 results in an estimated price of approximately £253,257.
| 23 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 148.6 | 40.699 % | £180,000 | £73,257 | £253,257 |
The Postcode Pricing Model uses changes in average sales price within the ME4 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 | 14.545 % | £26,181 | £206,181 |
| 3 Month Average | 13.939 % | £25,091 | £205,091 |
| 6 Month Average | 43.135 % | £77,643 | £257,643 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £292,111 | £287,000 | 25 CHATHAM GROVE |
| 5 Aug 2022 | £279,248 | £280,000 | 184 MAGPIE HALL ROAD |
| 6 May 2022 | £250,724 | £246,000 | 18 CHATHAM GROVE |
| 4 Feb 2022 | £377,530 | £360,000 | 292 MAGPIE HALL ROAD |
| 17 Sep 2021 | £344,830 | £320,000 | 224 MAGPIE HALL ROAD |
This house has a floor area of 107 sq meters or 1,155 sq feet when measured on 31 Jul 2009. Using an estimated price of £253,258 means this house is valued at £2,360 per sq meter (£219 per sq foot).
The average size of a house on CHATHAM GROVE is 78 sq meters (850 sq feet).
This house is the largest in the street with a floor area of 107 sq meters (1,155 sq feet).