£226,920
This estimated value is based upon the latest sale price for the house of £180,000 on 28 Nov 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £180,000 | 28 Nov 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 November 2017 the House Price Index for MEDWAY was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £180,000 results in an estimated price of approximately £226,920.
| 28 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £180,000 | £46,920 | £226,920 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 7.976 % | £14,356 | £194,356 |
| 3 Month Average | 14.786 % | £26,614 | £206,614 |
| 6 Month Average | 20.075 % | £36,134 | £216,134 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £353,089 | £350,000 | 39 STURRY WAY |
| 14 Jul 2023 | £482,494 | £476,000 | 24 HAWTHORNE AVENUE |
| 7 Jul 2023 | £253,411 | £250,000 | 6 PRESTON WAY |
| 12 Apr 2023 | £308,320 | £305,000 | 16 HERNE ROAD |
| 3 Mar 2023 | £259,444 | £257,000 | 8 PRESTON WAY |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 18 Oct 2017. Using an estimated price of £226,920 means this house is valued at £2,008 per sq meter (£186 per sq foot).
The average size of a house on ROMANY ROAD is 90 sq meters (971 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Herne Road |
| Dec 2023 | Anti-social behaviour | On or near Herne Road | |
| Dec 2023 | Anti-social behaviour | On or near Herne Road | |
| Dec 2023 | Anti-social behaviour | On or near Herne Road | |
| Dec 2023 | Anti-social behaviour | On or near Herne Road |