£273,961
This estimated value is based upon the latest sale price for the house of £225,000 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 |
|---|---|
| £225,000 | 26 Jul 2019 |
| Terraced |
| 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 July 2019 the House Price Index for MEDWAY was 120.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.760%.Applying this 21.760% change to the original purchase price of £225,000 results in an estimated price of approximately £273,961.
| 26 Jul 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 146.7 | 21.760 % | £225,000 | £48,961 | £273,961 |
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 | -9.349 % | £-21,034 | £203,965 |
| 3 Month Average | -2.741 % | £-6,166 | £218,833 |
| 6 Month Average | 22.719 % | £51,117 | £276,117 |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 18 Jan 2019.
The average size of a house on NORFOLK CLOSE is 99 sq meters (1,073 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Norfolk Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Norfolk Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hall Road |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Ashmead Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Coombe Close |