£355,064
This estimated value is based upon the latest sale price for the house of £347,000 on 2 Feb 2024. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £347,000 | 2 Feb 2024 |
| £173,000 | 11 Aug 2011 |
| Terraced |
| Freehold |
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 February 2024 the House Price Index for MEDWAY was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £347,000 results in an estimated price of approximately £355,064.
| 2 Feb 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £347,000 | £8,064 | £355,064 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 5.068 % | £17,587 | £364,587 |
| 3 Month Average | -0.694 % | £-2,407 | £344,592 |
| 6 Month Average | 0.311 % | £1,079 | £348,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £266,596 | £262,500 | 12 LAMBOURNE PLACE |
| 18 Mar 2024 | £253,901 | £250,000 | 328 STATION ROAD |
| 6 Mar 2024 | £360,539 | £355,000 | 40 ELLISON WAY |
| 17 Nov 2023 | £410,418 | £400,000 | 19 ELLISON WAY |
| 1 Nov 2023 | £256,511 | £250,000 | 259 STATION ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ellison Way |
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Macklands Way |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Macklands Way |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Macklands Way |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Macklands Way |