£179,047
This estimated value is based upon the latest sale price for the house of £106,000 on 27 Oct 2006. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £106,000 | 27 Oct 2006 |
| £52,000 | 25 Jun 2001 |
| £36,500 | 27 Aug 1998 |
| £27,000 | 20 Oct 1995 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 October 2006 the House Price Index for MEDWAY was 88.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 68.912%.Applying this 68.912% change to the original purchase price of £106,000 results in an estimated price of approximately £179,047.
| 27 Oct 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 148.6 | 68.912 % | £106,000 | £73,047 | £179,047 |
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 | 37.437 % | £39,682 | £145,682 |
| 3 Month Average | 32.392 % | £34,335 | £140,335 |
| 6 Month Average | 68.290 % | £72,387 | £178,387 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2023 | £332,912 | £330,000 | 2A CONNAUGHT ROAD |
| 8 Jun 2023 | £250,535 | £247,500 | 286 LUTON ROAD |
| 19 Jan 2023 | £228,922 | £230,000 | 64 CONNAUGHT ROAD |
| 11 May 2022 | £107,016 | £105,000 | 20 CONNAUGHT MEWS |
| 21 Feb 2022 | £262,174 | £250,000 | 1 CONNAUGHT ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 4 Apr 2016. Using an estimated price of £179,047 means this house is valued at £2,557 per sq meter (£237 per sq foot).
The average size of a house on ALBANY ROAD is 75 sq meters (810 sq feet).