£294,306
This estimated value is based upon the latest sale price for the house of £166,000 on 12 Oct 2009. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £166,000 | 12 Oct 2009 |
| Detached |
| Freehold |
| Floor Area: 77 sq meters or 832 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 October 2009 the House Price Index for MEDWAY was 84.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 77.293%.Applying this 77.293% change to the original purchase price of £166,000 results in an estimated price of approximately £294,306.
| 12 Oct 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.4 | 149.7 | 77.293 % | £166,000 | £128,306 | £294,306 |
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 | 101.715 % | £168,846 | £334,846 |
| 3 Month Average | 103.932 % | £172,526 | £338,526 |
| 6 Month Average | 98.019 % | £162,712 | £328,712 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Aug 2024 | £257,900 | £257,900 | 21 MEADOW CLOSE |
| 5 Apr 2024 | £262,278 | £260,000 | 16 SAFFRON WAY |
| 19 Oct 2023 | £271,159 | £265,000 | 26 KING GEORGE ROAD |
| 9 Aug 2023 | £361,520 | £355,000 | 1 COURT BUSHES KING GEORGE ROAD |
| 14 Jun 2022 | £316,771 | £310,000 | 22 MEADOW CLOSE |
This house has a floor area of 77 sq meters or 832 sq feet when measured on 11 Aug 2009. Using an estimated price of £294,306 means this house is valued at £3,805 per sq meter (£353 per sq foot).
The average size of a house on KING GEORGE ROAD is 100 sq meters (1,079 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Meadow Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Meadow Close |
| Aug 2024 | Other crime | Action to be taken by another organisation | On or near Myrtle Crescent |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Myrtle Crescent |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Myrtle Crescent |