£484,356
This estimated value is based upon the latest sale price for the house of £360,000 on 8 Jun 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £360,000 | 8 Jun 2016 |
| Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 June 2016 the House Price Index for MEDWAY was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £360,000 results in an estimated price of approximately £484,356.
| 8 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £360,000 | £124,356 | £484,356 |
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 | 45.820 % | £164,950 | £524,950 |
| 3 Month Average | 29.260 % | £105,336 | £465,336 |
| 6 Month Average | 25.296 % | £91,065 | £451,065 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £539,735 | £530,000 | 2 SWALLOW RISE |
| 28 Apr 2023 | £494,244 | £485,000 | 35 SWALLOW RISE |
| 8 Nov 2022 | £472,789 | £475,000 | 16 SWALLOW RISE |
| 6 Apr 2022 | £277,510 | £267,500 | 96 HIGHGROVE ROAD |
| 25 Mar 2022 | £469,770 | £450,000 | 18 SWALLOW RISE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 9 Feb 2016. Using an estimated price of £484,357 means this house is valued at £4,748 per sq meter (£441 per sq foot).
The average size of a house on SPENCER CLOSE is 127 sq meters (1,371 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Spencer Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Further/Higher Educational Building |
| May 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Further/Higher Educational Building |
| Apr 2024 | Burglary | Local resolution | On or near Further/Higher Educational Building |
| Apr 2024 | Other crime | Unable to prosecute suspect | On or near Further/Higher Educational Building |