£241,394
This estimated value is based upon the latest sale price for the house of £54,500 on 12 May 1999. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £54,500 | 12 May 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 May 1999 the House Price Index for KENT was 33.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 342.927%.Applying this 342.927% change to the original purchase price of £54,500 results in an estimated price of approximately £241,394.
| 12 May 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.5 | 148.6 | 342.927 % | £54,500 | £186,894 | £241,394 |
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 | 376.880 % | £205,399 | £259,899 |
| 3 Month Average | 347.742 % | £189,519 | £244,019 |
| 6 Month Average | 389.861 % | £212,474 | £266,974 |
| 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 72 sq meters or 775 sq feet when measured on 5 Jul 2016. Using an estimated price of £241,395 means this house is valued at £3,352 per sq meter (£311 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 |