£62,780
This estimated value is based upon the latest sale price for the house of £18,750 on 1 Jun 2001. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £18,750 | 1 Jun 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 June 2001 the House Price Index for MEDWAY was 43.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 234.828%.Applying this 234.828% change to the original purchase price of £18,750 results in an estimated price of approximately £62,780.
| 1 Jun 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.8 | 146.7 | 234.828 % | £18,750 | £44,030 | £62,780 |
The Postcode Pricing Model uses changes in average sales price within the ME2 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 | 115.403 % | £21,637 | £40,387 |
| 3 Month Average | 202.415 % | £37,952 | £56,702 |
| 6 Month Average | 231.811 % | £43,464 | £62,214 |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 20 Oct 2015.
The average size of a house on WELLS ROAD is 84 sq meters (904 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Wells Road |
| Mar 2024 | Anti-social behaviour | On or near Wells Road | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wells Road |
| Jan 2024 | Anti-social behaviour | On or near Wells Road | |
| Jan 2024 | Anti-social behaviour | On or near Wells Road |