£388,100
This estimated value is based upon the latest sale price for the house of £250,000 on 11 Jan 2008. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £250,000 | 11 Jan 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 147 sq meters or 1,590 sq feet |
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 January 2008 the House Price Index for KENT was 95.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 55.240%.Applying this 55.240% change to the original purchase price of £250,000 results in an estimated price of approximately £388,100.
| 11 Jan 2008 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.3 | 148.0 | 55.240 % | £250,000 | £138,100 | £388,100 |
The Postcode Pricing Model uses changes in average sales price within the ME13 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 | 166.587 % | £416,467 | £666,467 |
| 3 Month Average | 84.856 % | £212,140 | £462,140 |
| 6 Month Average | 80.685 % | £201,713 | £451,713 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2022 | £223,490 | £225,000 | 6 PRESTON PLACE, 23A PRESTON STREET |
| 29 Jul 2022 | £239,676 | £240,000 | 3 PRESTON PLACE, 23A PRESTON STREET |
| 27 Jul 2022 | £334,548 | £335,000 | 16 STATION ROAD |
| 22 Jul 2022 | £228,691 | £229,000 | 1 PRESTON PLACE, 23A PRESTON STREET |
| 22 Apr 2022 | £252,308 | £246,000 | 24 PRESTON STREET |
This house has a floor area of 147 sq meters or 1,590 sq feet when measured on 5 Jul 2010. Using an estimated price of £388,100 means this house is valued at £2,626 per sq meter (£244 per sq foot).
The average size of a house on NEWTON ROAD is 156 sq meters (1,685 sq feet).