£348,700
This estimated value is based upon the latest sale price for the house of £325,000 on 7 Jun 2021. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £325,000 | 7 Jun 2021 |
| Semi-Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 2021 the House Price Index for MEDWAY was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £325,000 results in an estimated price of approximately £348,700.
| 7 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £325,000 | £23,700 | £348,700 |
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 | -32.635 % | £-106,062 | £218,937 |
| 3 Month Average | -23.136 % | £-75,193 | £249,806 |
| 6 Month Average | -5.794 % | £-18,829 | £306,170 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £293,556 | £290,000 | 38 CONIFER DRIVE |
| 2 Jun 2023 | £303,678 | £300,000 | 124 CLANDON ROAD |
| 27 Jun 2022 | £300,243 | £296,000 | 64 ARUNDEL CLOSE |
| 20 May 2022 | £331,241 | £325,000 | 2 ARUNDEL CLOSE |
| 14 Sep 2021 | £242,458 | £225,000 | 78A CLANDON ROAD |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 15 Aug 2019. Using an estimated price of £348,700 means this house is valued at £3,385 per sq meter (£314 per sq foot).
The average size of a house on ARUNDEL CLOSE is 82 sq meters (890 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Arundel Close |
| Mar 2024 | Vehicle crime | Unable to prosecute suspect | On or near Iona Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Conifer Drive |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Larch Wood Close |
| Dec 2023 | Violence and sexual offences | Action to be taken by another organisation | On or near Larch Wood Close |