£248,883
This estimated value is based upon the latest sale price for the house of £200,000 on 15 Feb 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £200,000 | 15 Feb 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 77 sq meters or 828 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 February 2018 the House Price Index for MEDWAY was 118.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 24.442%.Applying this 24.442% change to the original purchase price of £200,000 results in an estimated price of approximately £248,883.
| 15 Feb 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.0 | 24.442 % | £200,000 | £48,883 | £248,883 |
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 | 71.654 % | £143,308 | £343,308 |
| 3 Month Average | 4.693 % | £9,386 | £209,386 |
| 6 Month Average | 20.295 % | £40,589 | £240,589 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £374,812 | £370,000 | 51 GATCOMBE CLOSE |
| 1 Aug 2023 | £231,407 | £230,000 | 13 HELMS WAY |
| 1 Aug 2023 | £371,258 | £369,000 | 25 DOWNLAND WALK |
| 8 Jun 2022 | £353,584 | £350,000 | 179 PRINCES AVENUE |
| 13 May 2022 | £137,037 | £135,000 | 16 DOWNLAND WALK |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 30 Oct 2017. Using an estimated price of £248,883 means this house is valued at £3,232 per sq meter (£300 per sq foot).
The average size of a house on HELMS WAY is 91 sq meters (979 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other crime | Action to be taken by another organisation | On or near Helms Way |
| Apr 2024 | Anti-social behaviour | On or near Peacock Rise | |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Peacock Rise |
| Mar 2024 | Other theft | Under investigation | On or near Peacock Rise |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Peacock Rise |