£323,051
This estimated value is based upon the latest sale price for the house of £260,000 on 26 Jul 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £260,000 | 26 Jul 2019 |
| £224,000 | 9 Dec 2015 |
| £83,000 | 26 May 2000 |
| Terraced |
| 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 July 2019 the House Price Index for MEDWAY was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £260,000 results in an estimated price of approximately £323,051.
| 26 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £260,000 | £63,051 | £323,051 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | 17.448 % | £45,364 | £305,364 |
| 3 Month Average | 6.227 % | £16,190 | £276,190 |
| 6 Month Average | 11.349 % | £29,507 | £289,507 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Oct 2023 | £529,527 | £517,500 | 16 EVERGREEN CLOSE |
| 7 Aug 2023 | £356,429 | £350,000 | 7 HONEY CLOSE |
| 22 Jul 2022 | £131,316 | £130,000 | 19 HONEY CLOSE |
| 1 Jul 2022 | £449,504 | £445,000 | 180 HEMPSTEAD ROAD |
| 5 May 2022 | £379,897 | £370,000 | 129 HEMPSTEAD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hempstead Road |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Honey Close |
| Jul 2024 | Anti-social behaviour | On or near Cedar Grove | |
| Jul 2024 | Anti-social behaviour | On or near Cedar Grove | |
| Jul 2024 | Anti-social behaviour | On or near Cedar Grove |