£501,685
This estimated value is based upon the latest sale price for the house of £395,000 on 18 Aug 2017. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £395,000 | 18 Aug 2017 |
| £284,000 | 19 Feb 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 August 2017 the House Price Index for KENT was 117.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.009%.Applying this 27.009% change to the original purchase price of £395,000 results in an estimated price of approximately £501,685.
| 18 Aug 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 148.6 | 27.009 % | £395,000 | £106,685 | £501,685 |
The Postcode Pricing Model uses changes in average sales price within the ME16 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 | 62.651 % | £247,473 | £642,473 |
| 3 Month Average | 32.790 % | £129,520 | £524,520 |
| 6 Month Average | 23.946 % | £94,587 | £489,587 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £544,527 | £535,000 | 1 CHESTNUT ROAD |
| 25 Mar 2023 | £363,424 | £360,000 | 4 LONGSOLE WAY |
| 29 Jul 2022 | £461,242 | £460,000 | 24 CHAPELFIELD WAY |
| 1 Jun 2022 | £644,102 | £635,000 | 9 LONGSOLE WAY |
| 24 Feb 2022 | £702,625 | £670,000 | 7 CHESTNUT ROAD |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 18 Oct 2016. Using an estimated price of £501,685 means this house is valued at £3,635 per sq meter (£337 per sq foot).
The average size of a house on HERMITAGE LANE is 130 sq meters (1,409 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near B2246 |
| Mar 2024 | Anti-social behaviour | On or near Perrymede Road | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chestnut Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chestnut Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chestnut Road |