£179,762
This estimated value is based upon the latest sale price for the house of £135,000 on 18 Jul 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £135,000 | 18 Jul 2016 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 2016 the House Price Index for MEDWAY was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £135,000 results in an estimated price of approximately £179,762.
| 18 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £135,000 | £44,762 | £179,762 |
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 | 15.045 % | £20,310 | £155,310 |
| 3 Month Average | 4.629 % | £6,248 | £141,248 |
| 6 Month Average | 35.031 % | £47,291 | £182,291 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £166,000 | £166,000 | 28A EAST STREET |
| 30 Aug 2023 | £363,177 | £360,000 | 7 STEVEN CLOSE |
| 13 Jan 2023 | £211,504 | £212,500 | 4 EDWARD STREET |
| 14 Jun 2022 | £177,509 | £175,000 | 36 STEVEN CLOSE |
| 15 Feb 2022 | £246,443 | £235,000 | 8 RUSSELL COURT |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 15 Feb 2016. Using an estimated price of £179,763 means this house is valued at £2,946 per sq meter (£273 per sq foot).
The average size of a house on EDWARD STREET is 73 sq meters (786 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Awaiting court outcome | On or near Edward Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Edward Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Edward Street |
| Feb 2024 | Vehicle crime | Awaiting court outcome | On or near Edward Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Edward Street |