£147,871
This estimated value is based upon the latest sale price for the house of £120,000 on 29 Nov 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £120,000 | 29 Nov 2018 |
| £55,000 | 13 Oct 2015 |
| £26,000 | 14 Jan 2000 |
| Leasehold |
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 2018 the House Price Index for MEDWAY was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £120,000 results in an estimated price of approximately £147,871.
| 29 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £120,000 | £27,871 | £147,871 |
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 | -8.990 % | £-10,788 | £109,211 |
| 3 Month Average | 0.051 % | £61 | £120,061 |
| 6 Month Average | 17.514 % | £21,017 | £141,017 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £136,748 | £135,000 | FLAT 11 LINDEN HOUSE SILVERWEED ROAD |
| 23 Mar 2023 | £247,330 | £245,000 | 10 ROSEMARY CLOSE |
| 23 Mar 2021 | £233,753 | £210,000 | 4 JASMINE CLOSE |
| 9 Dec 2020 | £218,066 | £190,000 | 17 SPEEDWELL AVENUE |
| 25 Nov 2020 | £226,074 | £195,000 | 8 ROSEMARY CLOSE |