£306,580
This estimated value is based upon the latest sale price for the house of £250,000 on 24 Oct 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £250,000 | 24 Oct 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 October 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 22.632%.Applying this 22.632% change to the original purchase price of £250,000 results in an estimated price of approximately £306,580.
| 24 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £250,000 | £56,580 | £306,580 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | 52.974 % | £132,434 | £382,434 |
| 3 Month Average | 0.027 % | £68 | £250,068 |
| 6 Month Average | 21.020 % | £52,548 | £302,548 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £269,719 | £265,000 | 102 MADDEN AVENUE |
| 14 Jul 2023 | £309,161 | £305,000 | 51 HOLLAND ROAD |
| 11 Apr 2023 | £368,973 | £365,000 | 16 THORNDALE CLOSE |
| 16 Mar 2023 | £312,948 | £310,000 | 6 THORNDALE CLOSE |
| 9 Mar 2023 | £378,567 | £375,000 | 14 THORNDALE CLOSE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 18 Aug 2019. Using an estimated price of £306,581 means this house is valued at £3,332 per sq meter (£309 per sq foot).
The average size of a house on WATSON AVENUE is 103 sq meters (1,114 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Watson Avenue |
| Jan 2024 | Other crime | Unable to prosecute suspect | On or near Watson Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Holland Road |
| Mar 2024 | Public order | Under investigation | On or near Hill View Way |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hill View Way |