£398,607
This estimated value is based upon the latest sale price for the house of £230,000 on 29 Jun 2011. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £230,000 | 29 Jun 2011 |
| Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,011 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 2011 the House Price Index for MEDWAY was 85.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.308%.Applying this 73.308% change to the original purchase price of £230,000 results in an estimated price of approximately £398,607.
| 29 Jun 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.7 | 148.6 | 73.308 % | £230,000 | £168,607 | £398,607 |
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 | 166.920 % | £383,915 | £613,915 |
| 3 Month Average | 75.133 % | £172,806 | £402,806 |
| 6 Month Average | 97.645 % | £224,582 | £454,582 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £236,501 | £233,000 | 8 URQUHART CLOSE |
| 6 Apr 2022 | £275,471 | £267,500 | 96 HIGHGROVE ROAD |
| 14 Feb 2022 | £243,297 | £232,000 | 49 HIGHGROVE ROAD |
| 10 Feb 2022 | £372,287 | £355,000 | 4 SUSSEX DRIVE |
| 14 Dec 2020 | £527,948 | £460,000 | 4 SPENCER CLOSE |
This house has a floor area of 93 sq meters or 1,011 sq feet when measured on 14 Mar 2011. Using an estimated price of £398,608 means this house is valued at £4,242 per sq meter (£394 per sq foot).
The average size of a house on GREENACRE CLOSE is 106 sq meters (1,150 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Greenacre Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Urquhart Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Urquhart Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Kings Oak Mews |
| Mar 2024 | Anti-social behaviour | On or near Acres Green Close |