£472,961
This estimated value is based upon the latest sale price for the house of £451,000 on 28 Feb 2022. This value is then adjusted by the current Official House Price Index for MEDWAY 1
There have been two burglaries within the last year on or near Wemmick Close
More crime details
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| Price Paid | Date |
|---|---|
| £451,000 | 28 Feb 2022 |
| Detached |
| Freehold |
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 February 2022 the House Price Index for MEDWAY was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £451,000 results in an estimated price of approximately £472,961.
| 28 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £451,000 | £21,961 | £472,961 |
The Postcode Pricing Model uses changes in average sales price within the ME1 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 | -4.970 % | £-22,413 | £428,586 |
| 3 Month Average | 5.204 % | £23,472 | £474,472 |
| 6 Month Average | 16.171 % | £72,933 | £523,933 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £319,080 | £315,000 | 6 BEDWIN CLOSE |
| 24 Aug 2023 | £438,839 | £435,000 | 562 CITY WAY |
| 15 Jun 2023 | £440,334 | £435,000 | 18 HAREDALE CLOSE |
| 26 Jan 2023 | £425,993 | £428,000 | 7 ESTELLE CLOSE |
| 31 Oct 2022 | £445,206 | £450,000 | 3 ESTELLE CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Wemmick Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wemmick Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Wemmick Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Estelle Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brimmer Way |