£592,041
This estimated value is based upon the latest sale price for the house of £340,000 on 15 Aug 2011. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £340,000 | 15 Aug 2011 |
| Detached |
| Freehold |
| Floor Area: 91 sq meters or 987 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 2011 the House Price Index for KENT was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.130%.Applying this 74.130% change to the original purchase price of £340,000 results in an estimated price of approximately £592,041.
| 15 Aug 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.130 % | £340,000 | £252,041 | £592,041 |
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 | -9.908 % | £-33,688 | £306,311 |
| 3 Month Average | 53.631 % | £182,344 | £522,344 |
| 6 Month Average | 77.642 % | £263,983 | £603,983 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jun 2024 | £427,500 | £427,500 | 3 WESLEY CLOSE |
| 20 May 2024 | £657,500 | £657,500 | 99 HEATH ROAD |
| 18 Dec 2023 | £392,047 | £380,000 | 9 MILL WALK |
| 30 Nov 2023 | £351,420 | £342,500 | 22 MILL WALK |
| 23 Nov 2023 | £425,809 | £415,000 | 10 WESLEY CLOSE |
This house has a floor area of 91 sq meters or 987 sq feet when measured on 25 Jul 2011. Using an estimated price of £592,041 means this house is valued at £6,455 per sq meter (£599 per sq foot).
The average size of a house on BANKY MEADOW is 138 sq meters (1,487 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Springwood Close | |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Springwood Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Springwood Close |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Springwood Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springwood Close |