£528,413
This estimated value is based upon the latest sale price for the house of £515,000 on 27 Nov 2023. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £515,000 | 27 Nov 2023 |
| £150,000 | 31 Mar 1998 |
| 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 November 2023 the House Price Index for MEDWAY was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £515,000 results in an estimated price of approximately £528,413.
| 27 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £515,000 | £13,413 | £528,413 |
The Postcode Pricing Model uses changes in average sales price within the ME3 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 | 3.218 % | £16,570 | £531,570 |
| 3 Month Average | -6.478 % | £-33,362 | £481,637 |
| 6 Month Average | 7.189 % | £37,023 | £552,023 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £528,413 | £515,000 | 8 BURTON CLOSE |
| 10 Nov 2023 | £740,805 | £722,000 | 32 GRANT ROAD |
| 13 Oct 2023 | £644,641 | £630,000 | 14 GRANT ROAD |
| 27 Jan 2023 | £676,808 | £675,000 | 29 GRANT ROAD |
| 30 Nov 2022 | £522,557 | £525,000 | 5 BURTON CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chaplin Close |
| Jun 2024 | Anti-social behaviour | On or near Greenfields Close | |
| Jun 2024 | Other theft | Under investigation | On or near Greenfields Close |
| Jun 2024 | Anti-social behaviour | On or near Greenfields Close | |
| May 2024 | Public order | Unable to prosecute suspect | On or near Greenfields Close |