£291,763
This estimated value is based upon the latest sale price for the house of £220,000 on 8 Jul 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £220,000 | 8 Jul 2016 |
| £148,600 | 21 Oct 2013 |
| £124,000 | 2 May 2003 |
| £68,000 | 14 Jul 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 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 July 2016 the House Price Index for MEDWAY was 111.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 32.620%.Applying this 32.620% change to the original purchase price of £220,000 results in an estimated price of approximately £291,763.
| 8 Jul 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.0 | 32.620 % | £220,000 | £71,763 | £291,763 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 39.479 % | £86,853 | £306,853 |
| 3 Month Average | 35.827 % | £78,820 | £298,820 |
| 6 Month Average | 33.280 % | £73,214 | £293,214 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £361,220 | £360,000 | 49 ELMFIELD |
| 28 Apr 2023 | £302,246 | £300,000 | 61 ELMFIELD |
| 13 Feb 2023 | £327,451 | £329,000 | 48 LOCARNO AVENUE |
| 4 Nov 2022 | £356,715 | £362,500 | 6 BROADWAY |
| 3 Mar 2022 | £263,180 | £255,000 | 11 BRENCHLEY ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 20 Dec 2013. Using an estimated price of £291,764 means this house is valued at £3,558 per sq meter (£330 per sq foot).
The average size of a house on BROADWAY is 80 sq meters (861 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lewis Avenue |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lewis Avenue |
| Mar 2024 | Other theft | Under investigation | On or near Lewis Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lewis Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Greenvale Gardens |