£227,368
This estimated value is based upon the latest sale price for the house of £115,000 on 11 Jun 2004. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £115,000 | 11 Jun 2004 |
| £110,000 | 19 Dec 2003 |
| Flats/Maisonettes |
| Leasehold |
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 June 2004 the House Price Index for MEDWAY was 75.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 97.712%.Applying this 97.712% change to the original purchase price of £115,000 results in an estimated price of approximately £227,368.
| 11 Jun 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 75.2 | 148.6 | 97.712 % | £115,000 | £112,368 | £227,368 |
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 | 145.366 % | £167,170 | £282,170 |
| 3 Month Average | 107.386 % | £123,493 | £238,493 |
| 6 Month Average | 103.302 % | £118,797 | £233,797 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £170,000 | £170,000 | 5 WILLOW GRANGE |
| 1 Dec 2023 | £213,740 | £210,000 | 11 WILLOW GRANGE |
| 30 Aug 2023 | £171,500 | £170,000 | 7 WILLOW GRANGE |
| 30 Jun 2023 | £496,008 | £490,000 | 93 MAIN ROAD |
| 2 Jun 2023 | £359,353 | £355,000 | 19 ST WERBURGH CRESCENT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mercian Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mercian Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near St Werburgh Crescent |
| Apr 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Main Road |
| Apr 2024 | Burglary | Unable to prosecute suspect | On or near Main Road |