£312,285
This estimated value is based upon the latest sale price for the house of £249,200 on 1 Jun 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £249,200 | 1 Jun 2018 |
| £72,000 | 12 Feb 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 46 sq meters or 495 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 2018 the House Price Index for MEDWAY was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £249,200 results in an estimated price of approximately £312,285.
| 1 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £249,200 | £63,085 | £312,285 |
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 | 30.923 % | £77,061 | £326,261 |
| 3 Month Average | 18.288 % | £45,572 | £294,772 |
| 6 Month Average | 15.318 % | £38,173 | £287,373 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Apr 2024 | £337,935 | £335,000 | 16 POACHERS CLOSE |
| 13 Nov 2023 | £314,996 | £307,000 | 25 FOWEY CLOSE |
| 13 Oct 2023 | £526,969 | £515,000 | 16 FOWEY CLOSE |
| 9 Jan 2023 | £305,817 | £305,000 | 4 TYNE CLOSE |
| 4 Aug 2022 | £281,315 | £280,000 | 7 SEVERN ROAD |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 17 Jan 2018. Using an estimated price of £312,285 means this house is valued at £6,788 per sq meter (£630 per sq foot).
The average size of a house on SEVERN ROAD is 57 sq meters (616 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Scarlett Close |
| Jun 2024 | Other theft | Unable to prosecute suspect | On or near Allen Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merton Close |
| Jul 2024 | Vehicle crime | Unable to prosecute suspect | On or near Redbridge Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Redbridge Close |