£247,007
This estimated value is based upon the latest sale price for the house of £250,000 on 30 Nov 2022. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £250,000 | 30 Nov 2022 |
| Terraced |
| Freehold |
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 November 2022 the House Price Index for MEDWAY was 150.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.197%.Applying this -1.197% change to the original purchase price of £250,000 results in an estimated price of approximately £247,007.
| 30 Nov 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 148.6 | -1.197 % | £250,000 | £-2,992 | £247,007 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | -26.060 % | £-65,149 | £184,850 |
| 3 Month Average | -18.585 % | £-46,462 | £203,537 |
| 6 Month Average | -8.736 % | £-21,838 | £228,161 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £233,456 | £230,000 | 27 FOURTH AVENUE |
| 14 Aug 2023 | £322,824 | £320,000 | 70 STURDEE AVENUE |
| 24 Feb 2023 | £444,701 | £445,000 | 124 THIRD AVENUE |
| 30 Nov 2022 | £247,008 | £250,000 | 40 FOURTH AVENUE |
| 17 Jun 2022 | £263,727 | £260,000 | 92 CARLTON AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fourth Avenue |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fourth Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fourth Avenue |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Fourth Avenue |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Fourth Avenue |