£234,198
This estimated value is based upon the latest sale price for the house of £182,000 on 19 May 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £182,000 | 19 May 2017 |
| Terraced |
| Freehold |
| Floor Area: 51 sq meters or 548 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 May 2017 the House Price Index for MEDWAY was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £182,000 results in an estimated price of approximately £234,198.
| 19 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £182,000 | £52,198 | £234,198 |
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 | -8.093 % | £-14,730 | £167,269 |
| 3 Month Average | 4.400 % | £8,007 | £190,007 |
| 6 Month Average | 25.942 % | £47,213 | £229,213 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £255,264 | £252,000 | 146 BEACON ROAD |
| 15 Aug 2023 | £247,162 | £245,000 | 189 BEACON ROAD |
| 28 Apr 2023 | £247,667 | £245,000 | 72 BEACON ROAD |
| 7 Feb 2023 | £159,892 | £160,000 | FLAT 5 FLORENCE HOUSE 130A BEACON ROAD |
| 27 Jan 2023 | £383,195 | £385,000 | 52 WARD VIEW |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 30 Sep 2016. Using an estimated price of £234,198 means this house is valued at £4,592 per sq meter (£426 per sq foot).
The average size of a house on BEACON ROAD is 78 sq meters (846 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Village View |
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Village View |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Village View |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Village View |
| Jan 2024 | Anti-social behaviour | On or near Village View |