Full Address

9 MAIN STREET
ST MARYS ISLAND
CHATHAM
MEDWAY
UNITED KINGDOM
ME4 3SE

Estimated Market Value

£718,293

This estimated value is based upon the latest sale price for the house of £375,000 on 29 Aug 2003. This value is then adjusted by the current Official House Price Index for MEDWAY1

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Transactions for this house
Price PaidDate
£375,00029 Aug 2003
House Details
Semi-Detached
Freehold

House Price Models

Land Registry House Price Index Model

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 August 2003 the House Price Index for MEDWAY was 67.9.

The House Price Index as of 1 Dec 2019 is 130.1 which is a change of 91.545%.

Applying this 91.545% change to the original purchase price of £375,000 gives us an estimated price now of around £718,292.

29 Aug 2003 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
67.9 130.1 91.545 % £375,000 £343,292 £718,292

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 71.085 % £266,567 £641,567
3 Month Average 58.569 % £219,632 £594,632
6 Month Average 77.554 % £290,826 £665,826

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In August 2003 the average sale price for the 50 nearest sales within two miles of 9 MAIN STREET was £167,377.

In September 2020 the average sale price for the 6 nearest sales was £269,279. This is a change of 60.882%.

So taking the original purchase price of £375,000 and adjusting it by 60.882% gives an estimated price of £603,306.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 29 Aug 2003 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£167,377 £269,279 60.882 % £375,000 £228,306 £603,306
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
31 Oct 2019 £166,396 £168,500 27 THE CAUSEWAY
14 Feb 2019 £240,124 £245,000 18 THE SHOREWAY
1 Feb 2019 £215,622 £220,000 25 THE CAUSEWAY
13 Jul 2018 £374,526 £385,000 2 ISLAND WAY WEST
25 May 2018 £265,763 £270,000 35 ASTER DRIVE

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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