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|£705,000||16 Nov 2016|
|£275,000||17 Jun 1999|
|£185,000||6 Nov 1996|
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in November 2016 the House Price Index for KENT was 118.7.The House Price Index as of 1 Dec 2019 is 129.6 which is a change of 9.192%.
Applying this 9.192% change to the original purchase price of £705,000 gives us an estimated price now of around £769,804.
|16 Nov 2016||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the ME3 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||25.218 %||£177,784||£882,784|
|3 Month Average||12.849 %||£90,582||£795,582|
|6 Month Average||12.516 %||£88,241||£793,241|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In November 2016 the average sale price for the 50 nearest sales within five miles of WHITEHOUSE FARM OAST 1 SCHOOL LANE was £248,673.
In May 2020 the average sale price for the 1 nearest sales was £194,999. This is a change of -21.584%.
So taking the original purchase price of £705,000 and adjusting it by -21.584% gives an estimated price of £552,834.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 16 Nov 2016||Average price on 28 May 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|1 Aug 2019||£347,624||£345,000||22 ST JOHNS ROAD|
|26 Jun 2019||£294,737||£290,000||1 GORE GREEN COTTAGES|
|25 Jun 2019||£325,227||£320,000||3 PICKWICK COTTAGES CANAL ROAD|
|11 Feb 2019||£371,363||£365,000||19 ST JOHNS ROAD|
|21 Sep 2018||£300,217||£300,000||10 ALEXANDER COTTAGES SCHOOL LANE|