£321,182
This estimated value is based upon the latest sale price for the house of £275,000 on 2 Nov 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
There has been one burglary within the last year on or near Richmond Close
More crime details
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| Price Paid | Date |
|---|---|
| £275,000 | 2 Nov 2020 |
| Terraced |
| Freehold |
| Floor Area: 105 sq meters or 1,130 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 November 2020 the House Price Index for MEDWAY was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £275,000 results in an estimated price of approximately £321,182.
| 2 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £275,000 | £46,182 | £321,182 |
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 | 23.082 % | £63,476 | £338,476 |
| 3 Month Average | 6.746 % | £18,551 | £293,551 |
| 6 Month Average | 4.598 % | £12,645 | £287,645 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Sep 2023 | £281,199 | £275,000 | 9 LAMBETH CLOSE |
| 30 Jun 2023 | £255,112 | £250,000 | 33 LAMBETH CLOSE |
| 2 Feb 2023 | £352,354 | £350,000 | 4 RICHMOND CLOSE |
| 15 Jul 2022 | £351,017 | £347,500 | 29 KINGSTON CRESCENT |
| 30 Jun 2022 | £316,771 | £310,000 | 8 KINGSTON CRESCENT |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 21 Apr 2015. Using an estimated price of £321,182 means this house is valued at £3,058 per sq meter (£284 per sq foot).
The average size of a house on RICHMOND CLOSE is 95 sq meters (1,029 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Richmond Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Richmond Close |
| May 2024 | Other theft | Unable to prosecute suspect | On or near Richmond Close |
| Jul 2024 | Other theft | Unable to prosecute suspect | On or near Greenwich Close |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Greenwich Close |