£264,010
This estimated value is based upon the latest sale price for the house of £245,000 on 24 Sep 2021. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £245,000 | 24 Sep 2021 |
| £130,000 | 12 Apr 2006 |
| 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 September 2021 the House Price Index for KENT was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £245,000 results in an estimated price of approximately £264,010.
| 24 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £245,000 | £19,010 | £264,010 |
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 | -18.229 % | £-44,660 | £200,339 |
| 3 Month Average | -5.205 % | £-12,752 | £232,247 |
| 6 Month Average | -5.921 % | £-14,507 | £230,492 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £290,075 | £285,000 | 3 COXES LANE |
| 10 Aug 2023 | £223,959 | £222,000 | 9 CHERRY TREE GARDENS |
| 20 Jan 2023 | £335,918 | £337,500 | 412 MARGATE ROAD |
| 6 Jan 2023 | £205,134 | £206,100 | 425 MARGATE ROAD |
| 30 Nov 2022 | £691,622 | £700,000 | FIRE STATION, 477 MARGATE ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 19 Feb 2019. Using an estimated price of £264,010 means this house is valued at £3,567 per sq meter (£331 per sq foot).
The average size of a house on MARGATE ROAD is 85 sq meters (925 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Supermarket | |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Supermarket |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Supermarket |
| Mar 2024 | Shoplifting | Awaiting court outcome | On or near Supermarket |
| Feb 2024 | Anti-social behaviour | On or near Supermarket |