£171,017
This estimated value is based upon the latest sale price for the house of £138,000 on 10 Jul 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £138,000 | 10 Jul 2018 |
| £117,000 | 19 Jun 2007 |
| £28,000 | 21 Aug 1998 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 July 2018 the House Price Index for MEDWAY was 119.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.926%.Applying this 23.926% change to the original purchase price of £138,000 results in an estimated price of approximately £171,017.
| 10 Jul 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 148.6 | 23.926 % | £138,000 | £33,017 | £171,017 |
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 | -28.085 % | £-38,757 | £99,242 |
| 3 Month Average | -2.543 % | £-3,508 | £134,491 |
| 6 Month Average | 16.297 % | £22,489 | £160,489 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £258,479 | £255,000 | 167 CONSTITUTION ROAD |
| 30 Mar 2023 | £166,569 | £165,000 | 70 UPPER LUTON ROAD |
| 17 Oct 2022 | £185,997 | £188,000 | 302 LUTON ROAD |
| 8 Sep 2022 | £193,438 | £195,000 | 195 CONSTITUTION ROAD |
| 22 Apr 2022 | £208,534 | £202,500 | 178 UPPER LUTON ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 31 May 2018. Using an estimated price of £171,017 means this house is valued at £2,408 per sq meter (£223 per sq foot).
The average size of a house on CONSTITUTION ROAD is 76 sq meters (819 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Upper Luton Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Upper Luton Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Upper Luton Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Upper Luton Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Upper Luton Road |