£263,399
This estimated value is based upon the latest sale price for the house of £175,000 on 22 Sep 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £175,000 | 22 Sep 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 909 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 September 2014 the House Price Index for MEDWAY was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £175,000 results in an estimated price of approximately £263,399.
| 22 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £175,000 | £88,399 | £263,399 |
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 | 3.855 % | £6,746 | £181,746 |
| 3 Month Average | 34.206 % | £59,861 | £234,861 |
| 6 Month Average | 66.874 % | £117,029 | £292,029 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £136,748 | £135,000 | FLAT 11 LINDEN HOUSE SILVERWEED ROAD |
| 28 Apr 2023 | £212,286 | £210,000 | 18 GORSE AVENUE |
| 23 Mar 2023 | £247,330 | £245,000 | 10 ROSEMARY CLOSE |
| 7 Apr 2022 | £272,897 | £265,000 | 12 MYRTLE CRESCENT |
| 25 Feb 2022 | £272,661 | £260,000 | 40 MYRTLE CRESCENT |
This house has a floor area of 84 sq meters or 909 sq feet when measured on 16 Jan 2012. Using an estimated price of £263,399 means this house is valued at £3,116 per sq meter (£289 per sq foot).
The average size of a house on GORSE AVENUE is 80 sq meters (867 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Campanula Court |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Campanula Court |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Silverweed Road |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Silverweed Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Silverweed Road |