£350,272
This estimated value is based upon the latest sale price for the house of £205,000 on 26 Jun 2012. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £205,000 | 26 Jun 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 765 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 2012 the House Price Index for MEDWAY was 87.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.865%.Applying this 70.865% change to the original purchase price of £205,000 results in an estimated price of approximately £350,272.
| 26 Jun 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 149.7 | 70.865 % | £205,000 | £145,272 | £350,272 |
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 | 98.493 % | £201,910 | £406,910 |
| 3 Month Average | 79.696 % | £163,377 | £368,377 |
| 6 Month Average | 81.438 % | £166,948 | £371,948 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £661,799 | £645,000 | 32 WHEATFIELDS |
| 3 Nov 2023 | £492,502 | £480,000 | 51 MAYFORD ROAD |
| 29 Sep 2023 | £260,748 | £255,000 | 19 MILLFIELDS |
| 29 Jul 2022 | £265,662 | £263,000 | 12 WHEATFIELDS |
| 26 May 2022 | £343,961 | £335,000 | 21 WHEATFIELDS |
This house has a floor area of 71 sq meters or 765 sq feet when measured on 29 Jan 2012. Using an estimated price of £350,273 means this house is valued at £4,927 per sq meter (£457 per sq foot).
The average size of a house on WHEATFIELDS is 87 sq meters (947 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Millfields |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Millfields |