£168,575
This estimated value is based upon the latest sale price for the house of £112,000 on 5 Sep 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £112,000 | 5 Sep 2014 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 September 2014 the House Price Index for MEDWAY was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £112,000 results in an estimated price of approximately £168,575.
| 5 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £112,000 | £56,575 | £168,575 |
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 | 13.169 % | £14,748 | £126,748 |
| 3 Month Average | 22.788 % | £25,522 | £137,522 |
| 6 Month Average | 53.153 % | £59,531 | £171,531 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £193,384 | £190,000 | 26 STURLA ROAD |
| 27 Sep 2023 | £207,655 | £205,000 | 58 MELBOURNE ROAD |
| 31 Aug 2023 | £250,189 | £248,000 | 7 HOPE STREET |
| 18 Aug 2023 | £251,198 | £249,000 | 61 STURLA ROAD |
| 27 Apr 2022 | £215,228 | £209,000 | 68 MELBOURNE ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 22 Jul 2014. Using an estimated price of £168,576 means this house is valued at £1,702 per sq meter (£158 per sq foot).
The average size of a house on STURLA ROAD is 78 sq meters (849 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near East Street |
| Mar 2024 | Drugs | Under investigation | On or near East Street |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near East Street |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near East Street |
| Feb 2024 | Criminal damage and arson | Offender given a caution | On or near East Street |