£341,287
This estimated value is based upon the latest sale price for the house of £250,000 on 12 Feb 2016. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £250,000 | 12 Feb 2016 |
| Detached |
| Freehold |
| Floor Area: 122 sq meters or 1,313 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 February 2016 the House Price Index for KENT was 108.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 36.515%.Applying this 36.515% change to the original purchase price of £250,000 results in an estimated price of approximately £341,287.
| 12 Feb 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 148.6 | 36.515 % | £250,000 | £91,287 | £341,287 |
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 | 16.913 % | £42,282 | £292,282 |
| 3 Month Average | 43.714 % | £109,286 | £359,286 |
| 6 Month Average | 53.146 % | £132,863 | £382,863 |
| 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 |
| 28 Jan 2022 | £344,137 | £327,000 | 13 FITZROY AVENUE |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 25 Feb 2014. Using an estimated price of £341,288 means this house is valued at £2,797 per sq meter (£259 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 | Violence and sexual offences | Under investigation | On or near Winifred Avenue |
| Mar 2024 | Shoplifting | Under investigation | On or near Winifred Avenue |