£177,567
This estimated value is based upon the latest sale price for the house of £147,000 on 19 Aug 2020. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £147,000 | 19 Aug 2020 |
| £115,000 | 8 Jul 2016 |
| £115,000 | 4 Sep 2007 |
| £57,000 | 22 Mar 2002 |
| £39,950 | 2 Sep 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 44 sq meters or 473 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in August 2020 the House Price Index for KENT was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £147,000 results in an estimated price of approximately £177,567.
| 19 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £147,000 | £30,567 | £177,567 |
The Postcode Pricing Model uses changes in average sales price within the ME13 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 | -13.401 % | £-19,698 | £127,301 |
| 3 Month Average | 8.324 % | £12,236 | £159,236 |
| 6 Month Average | 4.498 % | £6,612 | £153,612 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £270,973 | £265,000 | 20 WATER LANE |
| 17 Aug 2023 | £397,163 | £390,000 | 56 OSPRINGE STREET |
| 7 Aug 2023 | £198,582 | £195,000 | 21 OSPRINGE STREET |
| 1 Mar 2023 | £355,944 | £350,000 | 31 OSPRINGE STREET |
| 26 Jan 2023 | £157,421 | £157,000 | FLAT 8 LION YARD GROVE PLACE |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 14 Aug 2019. Using an estimated price of £177,567 means this house is valued at £4,035 per sq meter (£374 per sq foot).
The average size of a house on GROVE PLACE is 53 sq meters (577 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grove Close |
| Jul 2024 | Other theft | Unable to prosecute suspect | On or near Parking Area |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Parking Area |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Fairways |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near The Fairways |