£252,221
This estimated value is based upon the latest sale price for the house of £194,000 on 22 Feb 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £194,000 | 22 Feb 2017 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 792 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 February 2017 the House Price Index for MEDWAY was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £194,000 results in an estimated price of approximately £252,221.
| 22 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £194,000 | £58,221 | £252,221 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 20.845 % | £40,439 | £234,439 |
| 3 Month Average | 23.739 % | £46,053 | £240,053 |
| 6 Month Average | 23.424 % | £45,441 | £239,441 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £262,473 | £260,000 | 232 BROADWAY |
| 8 Mar 2023 | £7,723 | £7,650 | 2 ALLINGTON ROAD |
| 5 Jan 2023 | £313,523 | £315,000 | 256 BROADWAY |
| 11 Nov 2022 | £300,362 | £304,000 | 198 FEATHERBY ROAD |
| 1 Aug 2022 | £314,154 | £315,000 | 4 HAWKHURST ROAD |
This house has a floor area of 73 sq meters or 792 sq feet when measured on 23 Dec 2008. Using an estimated price of £252,221 means this house is valued at £3,425 per sq meter (£318 per sq foot).
The average size of a house on BROADWAY is 80 sq meters (861 sq feet).