£348,553
This estimated value is based upon the latest sale price for the house of £275,000 on 1 Sep 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £275,000 | 1 Sep 2017 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 September 2017 the House Price Index for MEDWAY was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £275,000 results in an estimated price of approximately £348,553.
| 1 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £275,000 | £73,553 | £348,553 |
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 | 8.773 % | £24,125 | £299,125 |
| 3 Month Average | 6.998 % | £19,243 | £294,243 |
| 6 Month Average | 16.627 % | £45,723 | £320,723 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £208,651 | £205,000 | 158 SAUNDERS STREET |
| 12 Jul 2023 | £278,752 | £275,000 | 4 TRINITY ROAD |
| 15 Jun 2023 | £116,410 | £115,000 | 81A SAUNDERS STREET |
| 19 Apr 2023 | £133,508 | £132,070 | 24 TRINITY ROAD |
| 5 Apr 2023 | £227,449 | £225,000 | 117 SAUNDERS STREET |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 23 Sep 2016. Using an estimated price of £348,553 means this house is valued at £3,417 per sq meter (£317 per sq foot).
The average size of a house on TRINITY ROAD is 92 sq meters (1,000 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Unable to prosecute suspect | On or near Strover Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Strover Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Strover Street |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Strover Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Strover Street |