£237,377
This estimated value is based upon the latest sale price for the house of £230,000 on 14 Mar 2022. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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Price Paid | Date |
---|---|
£230,000 | 14 Mar 2022 |
£115,000 | 26 Nov 2008 |
£130,500 | 21 Dec 2006 |
£46,000 | 27 Feb 1998 |
Terraced |
Freehold |
Floor Area: 60 sq meters or 645 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 March 2022 the House Price Index for MEDWAY was 143.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 3.208%.Applying this 3.208% change to the original purchase price of £230,000 results in an estimated price of approximately £237,377.
14 Mar 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
143.4 | 148.0 | 3.208 % | £230,000 | £7,377 | £237,377 |
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 | 21.469 % | £49,378 | £279,378 |
3 Month Average | -21.282 % | £-48,948 | £181,051 |
6 Month Average | 2.968 % | £6,827 | £236,827 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Jun 2023 | £288,842 | £286,500 | 42 MONARCH CLOSE |
10 Feb 2023 | £119,435 | £120,000 | FLAT 4 APPOLLO HOUSE ILLUSTRIOUS CLOSE |
13 Jul 2022 | £83,887 | £84,000 | FLAT 10 APOLLO HOUSE ILLUSTRIOUS CLOSE |
24 Jun 2022 | £404,096 | £400,000 | 5 SWALLOW RISE |
3 May 2022 | £305,542 | £301,000 | 50 ILLUSTRIOUS CLOSE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 17 May 2021. Using an estimated price of £237,378 means this house is valued at £3,956 per sq meter (£367 per sq foot).
The average size of a house on ILLUSTRIOUS CLOSE is 63 sq meters (687 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Illustrious Close |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Illustrious Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Swallow Rise |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Swallow Rise |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Swallow Rise |