£234,018
This estimated value is based upon the latest sale price for the house of £167,000 on 30 Oct 2015. This value is then adjusted by the current Official House Price Index for MEDWAY 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £167,000 | 30 Oct 2015 |
| £153,500 | 30 Mar 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2015 the House Price Index for MEDWAY was 105.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 40.131%.Applying this 40.131% change to the original purchase price of £167,000 results in an estimated price of approximately £234,018.
| 30 Oct 2015 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 148.0 | 40.131 % | £167,000 | £67,018 | £234,018 |
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 | 95.976 % | £160,280 | £327,280 |
| 3 Month Average | 20.946 % | £34,980 | £201,980 |
| 6 Month Average | 50.526 % | £84,378 | £251,378 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £427,600 | £425,000 | 10 NUTFIELD CLOSE |
| 17 Jan 2023 | £376,691 | £380,000 | 40 DOWNSVIEW |
| 5 Jan 2023 | £267,649 | £270,000 | 46 SHANKLIN CLOSE |
| 20 May 2022 | £253,772 | £250,000 | 32 SHANKLIN CLOSE |
| 6 May 2022 | £261,893 | £258,000 | 47 SHANKLIN CLOSE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 14 Aug 2015. Using an estimated price of £234,018 means this house is valued at £2,689 per sq meter (£249 per sq foot).
The average size of a house on VENTNOR CLOSE is 113 sq meters (1,216 sq feet).
This house is the largest in the street with a floor area of 87 sq meters (936 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Ventnor Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ventnor Close |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Shanklin Close |
| Jan 2024 | Public order | Awaiting court outcome | On or near Shanklin Close |
| Jan 2024 | Public order | Awaiting court outcome | On or near Shanklin Close |