£486,526
This estimated value is based upon the latest sale price for the house of £287,000 on 29 Jan 2013. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £287,000 | 29 Jan 2013 |
| £277,000 | 9 Mar 2007 |
| £89,500 | 8 Oct 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 155 sq meters or 1,668 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 2013 the House Price Index for MEDWAY was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.521%.Applying this 69.521% change to the original purchase price of £287,000 results in an estimated price of approximately £486,526.
| 29 Jan 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 148.6 | 69.521 % | £287,000 | £199,526 | £486,526 |
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 | 42.885 % | £123,079 | £410,079 |
| 3 Month Average | 61.675 % | £177,008 | £464,008 |
| 6 Month Average | 67.519 % | £193,779 | £480,779 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £340,000 | £340,000 | 45 WINDMILL STREET |
| 14 Dec 2023 | £407,123 | £400,000 | 6 LYLE CLOSE |
| 6 Nov 2023 | £294,358 | £290,000 | 42 RAVENSWOOD AVENUE |
| 20 Feb 2023 | £419,718 | £420,000 | 15 MILL CLOSE |
| 15 Nov 2022 | £311,230 | £315,000 | 48 RAVENSWOOD AVENUE |
This house has a floor area of 155 sq meters or 1,668 sq feet when measured on 26 Jun 2012. Using an estimated price of £486,526 means this house is valued at £3,138 per sq meter (£291 per sq foot).
The average size of a house on MILL CLOSE is 125 sq meters (1,355 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Mill Close | |
| Feb 2024 | Anti-social behaviour | On or near Mill Close | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Windmill Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Windmill Street |
| Jan 2024 | Drugs | Unable to prosecute suspect | On or near Ravenswood Avenue |