£134,291
This estimated value is based upon the latest sale price for the house of £100,000 on 24 May 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £100,000 | 24 May 2016 |
| £60,000 | 27 Jun 2002 |
| Flats/Maisonettes |
| Leasehold |
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 May 2016 the House Price Index for MEDWAY was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £100,000 results in an estimated price of approximately £134,291.
| 24 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £100,000 | £34,291 | £134,291 |
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 | -1.687 % | £-1,687 | £98,312 |
| 3 Month Average | 9.558 % | £9,557 | £109,557 |
| 6 Month Average | 37.371 % | £37,371 | £137,371 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £177,267 | £175,000 | FLAT 6 1 OLD ROAD |
| 7 Aug 2023 | £211,853 | £210,000 | FLAT 2 2 NEW ROAD |
| 14 Jul 2023 | £233,138 | £230,000 | FLAT 3 1 OLD ROAD |
| 7 Jul 2023 | £233,138 | £230,000 | FLAT 8 1 OLD ROAD |
| 24 Feb 2023 | £314,788 | £315,000 | 7 WESTMOUNT AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Old Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Old Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Old Road |