£598,085
This estimated value is based upon the latest sale price for the house of £500,000 on 23 Sep 2020. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £500,000 | 23 Sep 2020 |
| £231,307 | 30 Jan 2018 |
| £235,000 | 17 Feb 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 114 sq meters or 1,227 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in September 2020 the House Price Index for KENT was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £500,000 results in an estimated price of approximately £598,085.
| 23 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £500,000 | £98,085 | £598,085 |
The Postcode Pricing Model uses changes in average sales price within the ME16 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 | -47.733 % | £-238,666 | £261,333 |
| 3 Month Average | 4.104 % | £20,518 | £520,518 |
| 6 Month Average | 19.605 % | £98,025 | £598,025 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Apr 2024 | £388,373 | £385,000 | 114 NEWBURY AVENUE |
| 23 Nov 2023 | £541,752 | £528,000 | 67 GRACE AVENUE |
| 9 Jun 2022 | £613,106 | £600,000 | 18 GRACE AVENUE |
| 29 Apr 2022 | £591,331 | £570,000 | 39 GRACE AVENUE |
| 28 Feb 2022 | £507,099 | £480,000 | 62 GRACE AVENUE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 28 May 2020. Using an estimated price of £598,085 means this house is valued at £5,246 per sq meter (£487 per sq foot).
The average size of a house on GRACE AVENUE is 111 sq meters (1,196 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Grace Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Grace Avenue | |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Palmar Road |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Palmar Road |
| Jun 2024 | Anti-social behaviour | On or near London Road |