£205,289
This estimated value is based upon the latest sale price for the house of £175,000 on 23 Oct 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £175,000 | 23 Oct 2020 |
| £36,500 | 8 Dec 1998 |
| £27,500 | 28 May 1998 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 2020 the House Price Index for MEDWAY was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £175,000 results in an estimated price of approximately £205,289.
| 23 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £175,000 | £30,289 | £205,289 |
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 | 0.194 % | £338 | £175,338 |
| 3 Month Average | -17.519 % | £-30,659 | £144,340 |
| 6 Month Average | 7.419 % | £12,983 | £187,983 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jan 2023 | £248,828 | £250,000 | 41 NEWNHAM STREET |
| 21 Jul 2022 | £257,694 | £257,000 | 36 THOROLD ROAD |
| 22 Apr 2022 | £231,705 | £225,000 | 20 LUTON ROAD |
| 25 Feb 2022 | £211,312 | £201,500 | 21 THOROLD ROAD |
| 19 Nov 2021 | £194,672 | £180,000 | 2D LUTON ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 8 Feb 2020. Using an estimated price of £205,290 means this house is valued at £2,332 per sq meter (£216 per sq foot).
The average size of a house on LUTON ROAD is 77 sq meters (834 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Bank Street | |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Bank Street |
| Mar 2024 | Public order | Under investigation | On or near Bank Street |
| Mar 2024 | Possession of weapons | Under investigation | On or near Bank Street |
| Mar 2024 | Vehicle crime | Under investigation | On or near Bank Street |