This estimated value is based upon the latest sale price for the house of £705,000 on 16 Nov 2016. This value is then adjusted by the current Official House Price Index for KENT1
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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 Jun 2019 is 128.1 which is a change of 7.960%.
Applying this 7.960% change to the original purchase price of £705,000 gives us an estimated price now of around £761,117.
|16 Nov 2016||1 Jun 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||2.127 %||£14,993||£719,993|
|3 Month Average||13.204 %||£93,087||£798,087|
|6 Month Average||10.647 %||£75,063||£780,063|
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 October 2019 the average sale price for the 50 nearest sales was £211,066. This is a change of -15.123%.
So taking the original purchase price of £705,000 and adjusting it by -15.123% gives an estimated price of £598,382.
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 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|26 Jun 2019||£290,000||£290,000||1 GORE GREEN COTTAGES|
|2 Nov 2018||£333,957||£337,500||22 REYNOLDS FIELDS|
|21 Sep 2018||£296,878||£300,000||10 ALEXANDER COTTAGES SCHOOL LANE|
|24 Aug 2018||£382,631||£385,000||1 WHITEHOUSE FARM COTTAGES SCHOOL LANE|
|24 Aug 2018||£268,339||£270,000||37 SCHOOL LANE|