£194,180
This estimated value is based upon the latest sale price for the house of £65,000 on 22 Apr 2002. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £65,000 | 22 Apr 2002 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 April 2002 the House Price Index for MEDWAY was 49.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 198.739%.Applying this 198.739% change to the original purchase price of £65,000 results in an estimated price of approximately £194,180.
| 22 Apr 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 148.6 | 198.739 % | £65,000 | £129,180 | £194,180 |
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 | 141.182 % | £91,768 | £156,768 |
| 3 Month Average | 139.909 % | £90,940 | £155,940 |
| 6 Month Average | 195.468 % | £127,054 | £192,054 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £266,952 | £263,000 | 87 HARTINGTON STREET |
| 14 Sep 2023 | £260,329 | £257,000 | 37 PROSPECT ROW |
| 21 Apr 2023 | £171,850 | £170,000 | 30 CROMWELL TERRACE |
| 21 Mar 2023 | £201,902 | £200,000 | 34 HARTINGTON STREET |
| 18 Nov 2022 | £261,828 | £265,000 | 47 HARTINGTON STREET |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 19 Nov 2015. Using an estimated price of £194,180 means this house is valued at £1,797 per sq meter (£167 per sq foot).
The average size of a house on PROSPECT ROW is 104 sq meters (1,129 sq feet).