£273,401
This estimated value is based upon the latest sale price for the house of £265,000 on 20 Dec 2023. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £265,000 | 20 Dec 2023 |
| £220,000 | 28 Sep 2018 |
| £123,000 | 29 Mar 2012 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 716 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 December 2023 the House Price Index for MEDWAY was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £265,000 results in an estimated price of approximately £273,401.
| 20 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £265,000 | £8,401 | £273,401 |
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 | 7.313 % | £19,379 | £284,379 |
| 3 Month Average | 0.138 % | £365 | £265,365 |
| 6 Month Average | -0.998 % | £-2,645 | £262,354 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jul 2024 | £205,000 | £205,000 | 104 MADDEN AVENUE |
| 4 Jun 2024 | £235,000 | £235,000 | 33 WATSON AVENUE |
| 31 May 2024 | £235,000 | £235,000 | 78 MADDEN AVENUE |
| 20 Dec 2023 | £273,401 | £265,000 | 102 MADDEN AVENUE |
| 15 Dec 2023 | £297,130 | £288,000 | 107 MADDEN AVENUE |
This house has a floor area of 66 sq meters or 716 sq feet when measured on 12 Nov 2011. Using an estimated price of £273,401 means this house is valued at £4,105 per sq meter (£381 per sq foot).
The average size of a house on MADDEN AVENUE is 70 sq meters (756 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Hill View Way | |
| Aug 2024 | Other theft | Unable to prosecute suspect | On or near Hook Close |
| Oct 2024 | Anti-social behaviour | On or near Holland Road | |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Holland Road |
| Sep 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Barberry Avenue |