£535,225
This estimated value is based upon the latest sale price for the house of £293,000 on 8 Sep 2005. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £293,000 | 8 Sep 2005 |
| £239,000 | 30 Aug 2002 |
| £188,995 | 28 Nov 2000 |
| 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 September 2005 the House Price Index for MEDWAY was 81.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.671%.Applying this 82.671% change to the original purchase price of £293,000 results in an estimated price of approximately £535,225.
| 8 Sep 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.3 | 148.6 | 82.671 % | £293,000 | £242,225 | £535,225 |
The Postcode Pricing Model uses changes in average sales price within the ME2 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 | 50.812 % | £148,879 | £441,879 |
| 3 Month Average | 63.939 % | £187,340 | £480,340 |
| 6 Month Average | 75.327 % | £220,709 | £513,709 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £564,942 | £560,000 | 24 FORDWICH DRIVE |
| 29 Aug 2023 | £584,614 | £579,500 | 5 FORDWICH DRIVE |
| 11 Apr 2023 | £305,287 | £302,000 | 18 HERTSFIELD AVENUE |
| 29 Oct 2021 | £304,281 | £275,000 | 22 FORDWICH DRIVE |
| 29 Oct 2021 | £320,879 | £290,000 | 20 FORDWICH DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Hertsfield Avenue |
| Jan 2024 | Other crime | Under investigation | On or near B2108 |
| Mar 2024 | Other crime | Under investigation | On or near B2108 |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near B2108 |
| Mar 2024 | Vehicle crime | Under investigation | On or near B2108 |