£359,815
This estimated value is based upon the latest sale price for the house of £295,000 on 28 Jan 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £295,000 | 28 Jan 2020 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 January 2020 the House Price Index for MEDWAY was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £295,000 results in an estimated price of approximately £359,815.
| 28 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £295,000 | £64,815 | £359,815 |
The Postcode Pricing Model uses changes in average sales price within the ME2 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 | -8.108 % | £-23,917 | £271,082 |
| 3 Month Average | -3.122 % | £-9,210 | £285,789 |
| 6 Month Average | 2.260 % | £6,666 | £301,666 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Aug 2023 | £337,957 | £335,000 | 14 CHESTER CLOSE |
| 16 Jun 2023 | £242,943 | £240,000 | 13 SOUTHWARK ROAD |
| 24 Feb 2023 | £279,812 | £280,000 | 23 PORTSMOUTH CLOSE |
| 24 Feb 2023 | £309,792 | £310,000 | 24 PORTSMOUTH CLOSE |
| 25 Mar 2022 | £274,610 | £265,000 | 10 PORTSMOUTH CLOSE |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 25 Jun 2019. Using an estimated price of £359,816 means this house is valued at £3,787 per sq meter (£351 per sq foot).
The average size of a house on PORTSMOUTH CLOSE is 102 sq meters (1,105 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Portsmouth Close |
| Jan 2024 | Anti-social behaviour | On or near Coventry Close | |
| Jan 2024 | Anti-social behaviour | On or near Coventry Close | |
| Jan 2024 | Anti-social behaviour | On or near Coventry Close | |
| Jan 2024 | Violence and sexual offences | Local resolution | On or near Coventry Close |