£386,243
This estimated value is based upon the latest sale price for the house of £225,000 on 2 Aug 2006. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £225,000 | 2 Aug 2006 |
| £156,500 | 8 Oct 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 August 2006 the House Price Index for KENT was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.664%.Applying this 71.664% change to the original purchase price of £225,000 results in an estimated price of approximately £386,243.
| 2 Aug 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.664 % | £225,000 | £161,243 | £386,243 |
The Postcode Pricing Model uses changes in average sales price within the TN4 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 | 48.417 % | £108,938 | £333,938 |
| 3 Month Average | 145.274 % | £326,866 | £551,866 |
| 6 Month Average | 114.038 % | £256,584 | £481,584 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £358,133 | £355,000 | 37 ERIDGE ROAD |
| 14 Jul 2023 | £329,434 | £325,000 | 26 ROWAN TREE ROAD |
| 19 Jan 2023 | £333,429 | £335,000 | 2 BLUEBELL COTTAGE BROADWATER LANE |
| 29 Jul 2022 | £193,020 | £192,500 | FLAT 4 26 ERIDGE ROAD |
| 5 May 2022 | £287,416 | £282,000 | 49 WILLOW TREE ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 9 Oct 2018. Using an estimated price of £386,243 means this house is valued at £5,219 per sq meter (£484 per sq foot).
The average size of a house on ERIDGE ROAD is 87 sq meters (939 sq feet).