£194,249
This estimated value is based upon the latest sale price for the house of £115,000 on 10 Oct 2006. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £115,000 | 10 Oct 2006 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 2006 the House Price Index for MEDWAY was 88.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 68.912%.Applying this 68.912% change to the original purchase price of £115,000 results in an estimated price of approximately £194,249.
| 10 Oct 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 148.6 | 68.912 % | £115,000 | £79,249 | £194,249 |
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 | 37.437 % | £43,052 | £158,052 |
| 3 Month Average | 32.392 % | £37,250 | £152,250 |
| 6 Month Average | 68.290 % | £78,533 | £193,533 |
| 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 80 sq meters or 861 sq feet when measured on 4 Oct 2021. Using an estimated price of £194,249 means this house is valued at £2,428 per sq meter (£225 per sq foot).
The average size of a house on ALBANY ROAD is 75 sq meters (810 sq feet).