£241,310
This estimated value is based upon the latest sale price for the house of £160,000 on 23 Oct 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £160,000 | 23 Oct 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 65 sq meters or 699 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 2014 the House Price Index for MEDWAY was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £160,000 results in an estimated price of approximately £241,310.
| 23 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 149.7 | 50.819 % | £160,000 | £81,310 | £241,310 |
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 | 84.809 % | £135,693 | £295,693 |
| 3 Month Average | 69.834 % | £111,733 | £271,733 |
| 6 Month Average | 66.521 % | £106,433 | £266,433 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £287,293 | £280,000 | 31 AMETHYST AVENUE |
| 24 Nov 2023 | £333,465 | £325,000 | 1 AMETHYST AVENUE |
| 18 Sep 2023 | £240,297 | £235,000 | 21 MADDEN AVENUE |
| 29 Jun 2023 | £392,873 | £385,000 | 7 MADDEN AVENUE |
| 3 Mar 2023 | £305,095 | £300,000 | 108 VALE DRIVE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 29 Aug 2014. Using an estimated price of £241,310 means this house is valued at £3,712 per sq meter (£344 per sq foot).
The average size of a house on MADDEN AVENUE is 70 sq meters (756 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Crossway |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Concord Avenue |
| Sep 2024 | Anti-social behaviour | On or near Field Close | |
| Sep 2024 | Anti-social behaviour | On or near Field Close | |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hurst Close |