£192,121
This estimated value is based upon the latest sale price for the house of £59,995 on 9 Nov 2001. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £59,995 | 9 Nov 2001 |
| £49,500 | 28 Sep 2000 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 November 2001 the House Price Index for MEDWAY was 46.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 220.228%.Applying this 220.228% change to the original purchase price of £59,995 results in an estimated price of approximately £192,121.
| 9 Nov 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.4 | 148.6 | 220.228 % | £59,995 | £132,126 | £192,121 |
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 | 150.591 % | £90,347 | £150,342 |
| 3 Month Average | 124.496 % | £74,691 | £134,686 |
| 6 Month Average | 186.308 % | £111,775 | £171,770 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £197,930 | £195,000 | 56 LESTER ROAD |
| 31 Aug 2023 | £221,942 | £220,000 | 38 LESTER ROAD |
| 30 Jun 2023 | £232,820 | £230,000 | 36 LESTER ROAD |
| 15 Jun 2023 | £153,864 | £152,000 | 12 SALISBURY ROAD |
| 20 Jan 2023 | £250,818 | £252,000 | 8 SALISBURY ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 27 Jan 2012. Using an estimated price of £192,121 means this house is valued at £2,494 per sq meter (£231 per sq foot).
The average size of a house on SALISBURY ROAD is 87 sq meters (942 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Salisbury Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Salisbury Road |
| Jan 2024 | Other crime | Unable to prosecute suspect | On or near Salisbury Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Salisbury Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Salisbury Road |