£343,694
This estimated value is based upon the latest sale price for the house of £250,000 on 20 Nov 2015. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £250,000 | 20 Nov 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 November 2015 the House Price Index for MEDWAY was 106.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 37.478%.Applying this 37.478% change to the original purchase price of £250,000 results in an estimated price of approximately £343,694.
| 20 Nov 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 146.7 | 37.478 % | £250,000 | £93,694 | £343,694 |
The Postcode Pricing Model uses changes in average sales price within the ME4 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 | 25.896 % | £64,740 | £314,740 |
| 3 Month Average | 13.686 % | £34,214 | £284,214 |
| 6 Month Average | 44.749 % | £111,872 | £361,872 |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 3 Aug 2015.
The average size of a house on PALMERSTON ROAD is 81 sq meters (879 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Thorndike Close |
| Feb 2024 | Anti-social behaviour | On or near Thorndike Close | |
| Feb 2024 | Anti-social behaviour | On or near Thorndike Close | |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Thorndike Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Thorndike Close |