£515,107
This estimated value is based upon the latest sale price for the house of £420,000 on 15 Nov 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £420,000 | 15 Nov 2019 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 November 2019 the House Price Index for MEDWAY was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £420,000 results in an estimated price of approximately £515,107.
| 15 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £420,000 | £95,107 | £515,107 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 63.040 % | £264,766 | £684,766 |
| 3 Month Average | 9.451 % | £39,695 | £459,695 |
| 6 Month Average | 8.891 % | £37,341 | £457,341 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2023 | £430,211 | £425,000 | 28 THRALE WAY |
| 12 Jun 2023 | £207,514 | £205,000 | 30 GREGORY CLOSE |
| 1 Jun 2022 | £481,809 | £475,000 | 4 BOND ROAD |
| 20 May 2022 | £494,314 | £485,000 | 6 CRAGIE WALK |
| 13 May 2022 | £402,586 | £395,000 | 19 TYLER DRIVE |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 25 Mar 2019. Using an estimated price of £515,107 means this house is valued at £4,479 per sq meter (£416 per sq foot).
The average size of a house on THRALE WAY is 111 sq meters (1,200 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Unable to prosecute suspect | On or near Style Close |
| Mar 2024 | Vehicle crime | Under investigation | On or near Style Close |
| Apr 2024 | Drugs | Under investigation | On or near Ferrier Close |
| Jan 2024 | Other crime | Unable to prosecute suspect | On or near Ferrier Close |
| Mar 2024 | Criminal damage and arson | Awaiting court outcome | On or near Gregory Close |