£403,840
This estimated value is based upon the latest sale price for the house of £320,000 on 20 Oct 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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Price Paid | Date |
---|---|
£320,000 | 20 Oct 2017 |
£96,000 | 1 Jun 1999 |
Terraced |
Freehold |
Floor Area: 99 sq meters or 1,065 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 October 2017 the House Price Index for MEDWAY was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £320,000 results in an estimated price of approximately £403,840.
20 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.7 | 148.6 | 26.200 % | £320,000 | £83,840 | £403,840 |
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 | -5.262 % | £-16,839 | £303,160 |
3 Month Average | -8.212 % | £-26,276 | £293,723 |
6 Month Average | 13.241 % | £42,370 | £362,370 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Aug 2023 | £505,422 | £501,000 | 24 PARK CRESCENT |
6 May 2022 | £484,122 | £475,000 | 24 THE RIDGEWAY |
4 Feb 2022 | £377,530 | £360,000 | 292 MAGPIE HALL ROAD |
19 Jan 2022 | £615,659 | £585,000 | 6 WALDERSLADE ROAD |
17 Sep 2021 | £344,830 | £320,000 | 224 MAGPIE HALL ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 21 Jun 2017. Using an estimated price of £403,840 means this house is valued at £4,079 per sq meter (£378 per sq foot).
The average size of a house on MAGPIE HALL ROAD is 79 sq meters (855 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Park Crescent | |
Feb 2024 | Anti-social behaviour | On or near Park Crescent | |
Feb 2024 | Anti-social behaviour | On or near Thorndike Close | |
Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Thorndike Close |
Feb 2024 | Anti-social behaviour | On or near Thorndike Close |