£292,246
This estimated value is based upon the latest sale price for the house of £220,000 on 2 Sep 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £220,000 | 2 Sep 2016 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 2016 the House Price Index for MEDWAY was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £220,000 results in an estimated price of approximately £292,246.
| 2 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £220,000 | £72,246 | £292,246 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | -5.598 % | £-12,314 | £207,685 |
| 3 Month Average | 5.120 % | £11,264 | £231,264 |
| 6 Month Average | 30.104 % | £66,227 | £286,227 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £303,885 | £300,000 | 1 BURMA WAY |
| 24 Aug 2023 | £258,259 | £256,000 | 91 WALDERSLADE ROAD |
| 26 Jun 2023 | £288,495 | £285,000 | 85 WALDERSLADE ROAD |
| 17 Feb 2023 | £324,781 | £325,000 | 341 WAYFIELD ROAD |
| 12 Aug 2022 | £334,101 | £335,000 | 49 WALDERSLADE ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 17 Jun 2016. Using an estimated price of £292,246 means this house is valued at £2,922 per sq meter (£271 per sq foot).
The average size of a house on BURMA WAY is 93 sq meters (1,001 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Burma Way |
| Feb 2024 | Anti-social behaviour | On or near Burma Way | |
| Feb 2024 | Anti-social behaviour | On or near Burma Way | |
| Dec 2023 | Drugs | Unable to prosecute suspect | On or near Burma Way |
| Dec 2023 | Anti-social behaviour | On or near Burma Way |