£348,371
This estimated value is based upon the latest sale price for the house of £263,000 on 21 Oct 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £263,000 | 21 Oct 2016 |
| Terraced |
| Freehold |
| Floor Area: 123 sq meters or 1,328 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 October 2016 the House Price Index for MEDWAY was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £263,000 results in an estimated price of approximately £348,371.
| 21 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £263,000 | £85,371 | £348,371 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | -13.353 % | £-35,117 | £227,882 |
| 3 Month Average | 6.533 % | £17,181 | £280,181 |
| 6 Month Average | 29.370 % | £77,242 | £340,242 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £285,847 | £282,000 | 139 CHURCHILL AVENUE |
| 6 Jul 2023 | £324,366 | £320,000 | 12 MONTGOMERY AVENUE |
| 30 Jun 2023 | £257,621 | £254,500 | 49 FRESHWATER ROAD |
| 1 Feb 2023 | £334,775 | £335,000 | 7A MONTGOMERY AVENUE |
| 9 Sep 2022 | £262,381 | £264,500 | 80 FRESHWATER ROAD |
This house has a floor area of 123 sq meters or 1,328 sq feet when measured on 2 Mar 2012. Using an estimated price of £348,371 means this house is valued at £2,822 per sq meter (£262 per sq foot).
The average size of a house on CHURCHILL AVENUE is 84 sq meters (906 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Montgomery Avenue |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Montgomery Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Montgomery Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Montgomery Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Montgomery Avenue |