£331,430
This estimated value is based upon the latest sale price for the house of £268,000 on 12 Apr 2019. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £268,000 | 12 Apr 2019 |
| Detached |
| Freehold |
| Floor Area: 105 sq meters or 1,130 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in April 2019 the House Price Index for KENT was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.668%.Applying this 23.668% change to the original purchase price of £268,000 results in an estimated price of approximately £331,430.
| 12 Apr 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.668 % | £268,000 | £63,430 | £331,430 |
The Postcode Pricing Model uses changes in average sales price within the CT12 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 | 24.680 % | £66,143 | £334,143 |
| 3 Month Average | 5.098 % | £13,662 | £281,662 |
| 6 Month Average | 18.729 % | £50,194 | £318,194 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £324,809 | £320,000 | 28 VIOLET AVENUE |
| 1 Aug 2023 | £343,001 | £340,000 | 17 ROMAN ROAD |
| 28 Apr 2023 | £349,766 | £346,000 | 7 FITZROY AVENUE |
| 9 Sep 2022 | £545,594 | £550,000 | 1 VIOLET AVENUE |
| 5 Apr 2022 | £324,387 | £315,000 | 39 DOROTHY DRIVE |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 27 Sep 2018. Using an estimated price of £331,430 means this house is valued at £3,156 per sq meter (£293 per sq foot).
The average size of a house on MARGATE ROAD is 85 sq meters (925 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dorothy Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fitzroy Avenue |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Fitzroy Avenue |
| Mar 2024 | Shoplifting | Under investigation | On or near Winifred Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Winifred Avenue |