£304,921
This estimated value is based upon the latest sale price for the house of £230,000 on 11 May 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £230,000 | 11 May 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 May 2016 the House Price Index for MEDWAY was 110.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 32.574%.Applying this 32.574% change to the original purchase price of £230,000 results in an estimated price of approximately £304,921.
| 11 May 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 146.7 | 32.574 % | £230,000 | £74,921 | £304,921 |
The Postcode Pricing Model uses changes in average sales price within the ME2 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 | -16.799 % | £-38,637 | £191,362 |
| 3 Month Average | 27.118 % | £62,372 | £292,372 |
| 6 Month Average | 37.997 % | £87,392 | £317,392 |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 26 Oct 2015.
The average size of a house on MERRALS WOOD ROAD is 76 sq meters (822 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Glamford Road |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Hillshaw Crescent |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Hillshaw Crescent |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Hillshaw Crescent |
| Dec 2023 | Anti-social behaviour | On or near Hillshaw Crescent |