£186,390
This estimated value is based upon the latest sale price for the house of £113,500 on 26 Jan 2007. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £113,500 | 26 Jan 2007 |
| £90,500 | 7 May 2004 |
| £40,000 | 2 Jan 2001 |
| Terraced |
| Leasehold |
| Floor Area: 50 sq meters or 540 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 January 2007 the House Price Index for MEDWAY was 90.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 64.221%.Applying this 64.221% change to the original purchase price of £113,500 results in an estimated price of approximately £186,390.
| 26 Jan 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.5 | 148.6 | 64.221 % | £113,500 | £72,890 | £186,390 |
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 | 27.919 % | £31,688 | £145,188 |
| 3 Month Average | 47.434 % | £53,837 | £167,337 |
| 6 Month Average | 82.649 % | £93,807 | £207,307 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Oct 2022 | £197,870 | £200,000 | 22 TIMBER BANK |
| 20 May 2022 | £178,361 | £175,000 | 4 TIMBER BANK |
| 2 Dec 2021 | £251,774 | £235,000 | 6 TIMBER BANK |
| 19 Nov 2021 | £240,096 | £222,000 | 6 HERITAGE ROAD |
| 11 Nov 2021 | £243,341 | £225,000 | 24 HERITAGE ROAD |
This house has a floor area of 50 sq meters or 540 sq feet when measured on 17 May 2011. Using an estimated price of £186,390 means this house is valued at £3,711 per sq meter (£344 per sq foot).
The average size of a house on TIMBER BANK is 51 sq meters (551 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Timberbank |
| Mar 2024 | Other crime | Under investigation | On or near Timberbank |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Timberbank |
| Mar 2024 | Public order | Under investigation | On or near Timberbank |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Timberbank |