£492,883
This estimated value is based upon the latest sale price for the house of £407,000 on 16 Jun 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £407,000 | 16 Jun 2020 |
| £305,000 | 9 Sep 2011 |
| £164,995 | 23 Mar 2001 |
| £63,000 | 12 Aug 1996 |
| Detached |
| Freehold |
| Floor Area: 83 sq meters or 894 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 June 2020 the House Price Index for MEDWAY was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £407,000 results in an estimated price of approximately £492,883.
| 16 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.6 | 21.102 % | £407,000 | £85,883 | £492,883 |
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 | 36.596 % | £148,944 | £555,944 |
| 3 Month Average | -1.663 % | £-6,768 | £400,231 |
| 6 Month Average | 17.936 % | £73,001 | £480,001 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £344,404 | £340,000 | 2 LARKSPUR ROAD |
| 25 Jul 2023 | £425,730 | £420,000 | 27 BULRUSH CLOSE |
| 22 Jul 2022 | £280,756 | £280,000 | 23 GENTIAN CLOSE |
| 21 Mar 2022 | £455,955 | £440,000 | 52 CHESTNUT AVENUE |
| 21 Mar 2022 | £466,318 | £450,000 | 103 CHESTNUT AVENUE |
This house has a floor area of 83 sq meters or 894 sq feet when measured on 3 Aug 2010. Using an estimated price of £492,883 means this house is valued at £5,934 per sq meter (£551 per sq foot).
The average size of a house on CHESTNUT AVENUE is 106 sq meters (1,149 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Chestnut Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Larkspur Road |