£245,814
This estimated value is based upon the latest sale price for the house of £145,000 on 10 Sep 2010. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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Price Paid | Date |
---|---|
£145,000 | 10 Sep 2010 |
Terraced |
Freehold |
Floor Area: 108 sq meters or 1,168 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 2010 the House Price Index for MEDWAY was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.527%.Applying this 69.527% change to the original purchase price of £145,000 results in an estimated price of approximately £245,814.
10 Sep 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.7 | 148.6 | 69.527 % | £145,000 | £100,814 | £245,814 |
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 | 38.454 % | £55,758 | £200,758 |
3 Month Average | 36.911 % | £53,521 | £198,521 |
6 Month Average | 71.051 % | £103,023 | £248,023 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Aug 2023 | £216,897 | £215,000 | 52 OTWAY STREET |
4 Aug 2023 | £216,897 | £215,000 | 31 CROMWELL TERRACE |
21 Apr 2023 | £171,850 | £170,000 | 30 CROMWELL TERRACE |
21 Mar 2023 | £201,902 | £200,000 | 34 HARTINGTON STREET |
2 Mar 2023 | £179,188 | £177,500 | 5 CROMWELL TERRACE |
This house has a floor area of 108 sq meters or 1,168 sq feet when measured on 20 Aug 2010. Using an estimated price of £245,814 means this house is valued at £2,264 per sq meter (£210 per sq foot).
The average size of a house on HERMAN TERRACE is 89 sq meters (961 sq feet).