£219,852
This estimated value is based upon the latest sale price for the house of £220,000 on 1 Feb 2023. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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Price Paid | Date |
---|---|
£220,000 | 1 Feb 2023 |
£95,000 | 19 Feb 2013 |
Terraced |
Freehold |
Floor Area: 70 sq meters or 753 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 February 2023 the House Price Index for MEDWAY was 148.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £220,000 results in an estimated price of approximately £219,852.
1 Feb 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
148.7 | 148.6 | -0.067 % | £220,000 | £-147 | £219,852 |
The Postcode Pricing Model uses changes in average sales price within the ME4 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 | -15.135 % | £-33,297 | £186,702 |
3 Month Average | -25.959 % | £-57,110 | £162,889 |
6 Month Average | -9.712 % | £-21,365 | £198,634 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Feb 2023 | £179,879 | £180,000 | 71 ALBANY ROAD |
1 Feb 2023 | £219,852 | £220,000 | 61 ALBANY ROAD |
19 Jan 2023 | £228,922 | £230,000 | 64 CONNAUGHT ROAD |
31 Aug 2022 | £134,638 | £135,000 | 37 MAIDA ROAD |
10 Dec 2021 | £203,562 | £190,000 | 102 ALBANY ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 19 Oct 2012. Using an estimated price of £219,852 means this house is valued at £3,140 per sq meter (£291 per sq foot).
The average size of a house on ALBANY ROAD is 75 sq meters (810 sq feet).