£344,403
This estimated value is based upon the latest sale price for the house of £340,000 on 27 Sep 2023. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £340,000 | 27 Sep 2023 |
| £285,000 | 29 May 2020 |
| £153,000 | 29 Jul 2015 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 2023 the House Price Index for MEDWAY was 146.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.295%.Applying this 1.295% change to the original purchase price of £340,000 results in an estimated price of approximately £344,403.
| 27 Sep 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 148.6 | 1.295 % | £340,000 | £4,403 | £344,403 |
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 | 1.023 % | £3,478 | £343,478 |
| 3 Month Average | -17.620 % | £-59,907 | £280,092 |
| 6 Month Average | 5.567 % | £18,926 | £358,926 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £269,719 | £265,000 | 14 MAYWEED AVENUE |
| 27 Sep 2023 | £344,404 | £340,000 | 2 LARKSPUR ROAD |
| 31 Aug 2023 | £221,942 | £220,000 | 1 HONEYSUCKLE CLOSE |
| 22 Jul 2022 | £280,756 | £280,000 | 23 GENTIAN CLOSE |
| 21 Mar 2022 | £466,318 | £450,000 | 103 CHESTNUT AVENUE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 22 Dec 2014. Using an estimated price of £344,404 means this house is valued at £4,004 per sq meter (£372 per sq foot).
The average size of a house on LARKSPUR ROAD is 134 sq meters (1,445 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Larkspur Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Larkspur Road |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Larkspur Road |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Chestnut Avenue |
| Dec 2023 | Violence and sexual offences | Action to be taken by another organisation | On or near Chestnut Avenue |