£298,098
This estimated value is based upon the latest sale price for the house of £247,500 on 26 Mar 2020. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £247,500 | 26 Mar 2020 |
| £172,000 | 20 May 2011 |
| £192,500 | 24 Nov 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 69 sq meters or 742 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in March 2020 the House Price Index for KENT was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £247,500 results in an estimated price of approximately £298,098.
| 26 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £247,500 | £50,598 | £298,098 |
The Postcode Pricing Model uses changes in average sales price within the ME6 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 | 42.672 % | £105,614 | £353,114 |
| 3 Month Average | 19.049 % | £47,146 | £294,646 |
| 6 Month Average | -0.220 % | £-544 | £246,955 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2023 | £257,251 | £255,000 | 18 LAMBE CLOSE |
| 30 Jun 2023 | £239,400 | £236,500 | 35 LAMBE CLOSE |
| 31 Mar 2023 | £264,997 | £262,500 | 10 LAMBE CLOSE |
| 30 Mar 2023 | £269,539 | £267,000 | 26 LAMBE CLOSE |
| 28 Feb 2023 | £273,816 | £274,000 | 25 LAMBE CLOSE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 13 Jun 2019. Using an estimated price of £298,098 means this house is valued at £4,320 per sq meter (£401 per sq foot).
The average size of a house on LAMBE CLOSE is 74 sq meters (806 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other crime | Under investigation | On or near Lambe Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Lambe Close |