£377,031
This estimated value is based upon the latest sale price for the house of £290,000 on 24 Feb 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £290,000 | 24 Feb 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 2017 the House Price Index for MEDWAY was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £290,000 results in an estimated price of approximately £377,031.
| 24 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £290,000 | £87,031 | £377,031 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | 15.642 % | £45,362 | £335,362 |
| 3 Month Average | 10.277 % | £29,803 | £319,803 |
| 6 Month Average | 23.458 % | £68,028 | £358,028 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Aug 2022 | £299,195 | £300,000 | FLAT 58 THE PENINSULA PEGASUS WAY |
| 29 Jul 2022 | £260,702 | £260,000 | FLAT 137 THE PENINSULA PEGASUS WAY |
| 23 Mar 2022 | £290,153 | £280,000 | FLAT 130 THE PENINSULA PEGASUS WAY |
| 14 Jan 2022 | £184,171 | £175,000 | FLAT 129 THE PENINSULA PEGASUS WAY |
| 20 Aug 2021 | £169,574 | £152,000 | FLAT 31 THE PENINSULA PEGASUS WAY |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 25 Aug 2016. Using an estimated price of £377,032 means this house is valued at £5,627 per sq meter (£522 per sq foot).
The average size of a house on PEGASUS WAY is 57 sq meters (618 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Pearl Lane |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pearl Lane |
| Mar 2024 | Vehicle crime | Under investigation | On or near Pearl Lane |
| Mar 2024 | Vehicle crime | Under investigation | On or near Pearl Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pearl Lane |