£295,811
This estimated value is based upon the latest sale price for the house of £240,000 on 14 Feb 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £240,000 | 14 Feb 2020 |
| £66,000 | 18 Apr 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 52 sq meters or 559 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 February 2020 the House Price Index for MEDWAY was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £240,000 results in an estimated price of approximately £295,811.
| 14 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £240,000 | £55,811 | £295,811 |
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 | 30.028 % | £72,067 | £312,067 |
| 3 Month Average | 15.986 % | £38,367 | £278,367 |
| 6 Month Average | 13.848 % | £33,235 | £273,235 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £350,383 | £345,000 | 27 WOOLWICH CLOSE |
| 19 Dec 2023 | £392,047 | £380,000 | 31 COLCHESTER CLOSE |
| 1 Dec 2023 | £309,511 | £300,000 | 18 COLCHESTER CLOSE |
| 19 Oct 2023 | £409,296 | £400,000 | 19 COLCHESTER CLOSE |
| 28 Apr 2023 | £193,622 | £190,000 | 9A COLCHESTER CLOSE |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 19 Jun 2019. Using an estimated price of £295,811 means this house is valued at £5,688 per sq meter (£528 per sq foot).
The average size of a house on WOOLWICH CLOSE is 62 sq meters (675 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Unable to prosecute suspect | On or near Woolwich Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woolwich Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woolwich Close |
| May 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Aldershot Road |
| Jul 2024 | Public order | Under investigation | On or near Eden Avenue |