£326,624
This estimated value is based upon the latest sale price for the house of £265,000 on 21 Feb 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £265,000 | 21 Feb 2020 |
| £189,995 | 21 Apr 2006 |
| £77,500 | 23 Jul 1997 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 £265,000 results in an estimated price of approximately £326,624.
| 21 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £265,000 | £61,624 | £326,624 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | -0.558 % | £-1,478 | £263,521 |
| 3 Month Average | 15.838 % | £41,971 | £306,971 |
| 6 Month Average | 21.959 % | £58,192 | £323,192 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £244,408 | £240,000 | 2 EMBASSY CLOSE |
| 29 Jun 2022 | £388,300 | £380,000 | 26 ACADEMY DRIVE |
| 6 May 2022 | £385,031 | £375,000 | 23 ACADEMY DRIVE |
| 11 Mar 2022 | £386,255 | £370,000 | 35 ACADEMY DRIVE |
| 30 Sep 2021 | £369,094 | £340,000 | 8 STONEY BANK |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 13 Feb 2019. Using an estimated price of £326,625 means this house is valued at £3,233 per sq meter (£300 per sq foot).
The average size of a house on STONEY BANK is 91 sq meters (987 sq feet).
This house is the largest in the street with a floor area of 101 sq meters (1,087 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Stoney Bank |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Stoney Bank |
| Jul 2024 | Drugs | Local resolution | On or near Stoney Bank |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Academy Drive |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Embassy Close |