£256,832
This estimated value is based upon the latest sale price for the house of £138,000 on 14 Apr 2005. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £138,000 | 14 Apr 2005 |
| £63,250 | 19 Feb 1999 |
| Detached |
| Freehold |
| Floor Area: 59 sq meters or 635 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 April 2005 the House Price Index for MEDWAY was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.110%.Applying this 86.110% change to the original purchase price of £138,000 results in an estimated price of approximately £256,832.
| 14 Apr 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 148.6 | 86.110 % | £138,000 | £118,832 | £256,832 |
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 | 49.006 % | £67,628 | £205,628 |
| 3 Month Average | 70.073 % | £96,700 | £234,700 |
| 6 Month Average | 108.470 % | £149,689 | £287,689 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £345,000 | £345,000 | 27 WOOLWICH CLOSE |
| 1 Dec 2023 | £305,342 | £300,000 | 18 COLCHESTER CLOSE |
| 19 Jul 2023 | £253,411 | £250,000 | 15 COLCHESTER CLOSE |
| 28 Apr 2023 | £192,068 | £190,000 | 9A COLCHESTER CLOSE |
| 8 Mar 2023 | £524,946 | £520,000 | 10 WOOLWICH CLOSE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 5 Feb 2014. Using an estimated price of £256,832 means this house is valued at £4,353 per sq meter (£404 per sq foot).
The average size of a house on COLCHESTER CLOSE is 60 sq meters (647 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Colchester Close | |
| Mar 2024 | Anti-social behaviour | On or near Colchester Close | |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Colchester Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Colchester Close |
| Mar 2024 | Public order | Under investigation | On or near Eden Avenue |