£248,101
This estimated value is based upon the latest sale price for the house of £214,000 on 20 Nov 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £214,000 | 20 Nov 2020 |
| £125,000 | 18 Nov 2008 |
| £116,000 | 25 Apr 2003 |
| Terraced |
| Freehold |
| Floor Area: 56 sq meters or 602 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 2020 the House Price Index for MEDWAY was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £214,000 results in an estimated price of approximately £248,101.
| 20 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £214,000 | £34,101 | £248,101 |
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 | -19.849 % | £-42,476 | £171,523 |
| 3 Month Average | -8.053 % | £-17,232 | £196,767 |
| 6 Month Average | 10.482 % | £22,431 | £236,431 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £654,693 | £645,000 | 32 WHEATFIELDS |
| 3 Nov 2023 | £487,213 | £480,000 | 51 MAYFORD ROAD |
| 29 Sep 2023 | £258,303 | £255,000 | 19 MILLFIELDS |
| 29 Jul 2022 | £263,710 | £263,000 | 12 WHEATFIELDS |
| 26 May 2022 | £341,433 | £335,000 | 21 WHEATFIELDS |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 19 Mar 2019. Using an estimated price of £248,102 means this house is valued at £4,430 per sq meter (£411 per sq foot).
The average size of a house on WHEATFIELDS is 87 sq meters (947 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Mayford Road | |
| Feb 2024 | Anti-social behaviour | On or near Barrowfields | |
| Feb 2024 | Anti-social behaviour | On or near Barrowfields |