£309,918
This estimated value is based upon the latest sale price for the house of £250,000 on 23 Aug 2019. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £250,000 | 23 Aug 2019 |
| £115,000 | 5 Nov 2001 |
| £74,000 | 30 Jun 1999 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 August 2019 the House Price Index for KENT was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £250,000 results in an estimated price of approximately £309,918.
| 23 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £250,000 | £59,918 | £309,918 |
The Postcode Pricing Model uses changes in average sales price within the ME10 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 | 32.536 % | £81,340 | £331,340 |
| 3 Month Average | 29.889 % | £74,721 | £324,721 |
| 6 Month Average | 23.451 % | £58,626 | £308,626 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £328,334 | £320,000 | 8 GENESTA CLOSE |
| 3 Mar 2023 | £287,298 | £282,500 | 4 CHALLENGER CLOSE |
| 24 Mar 2022 | £318,400 | £305,000 | 6 CARDINE CLOSE |
| 18 Feb 2022 | £353,913 | £335,000 | 3 ESTHER COURT |
| 14 Jan 2022 | £371,069 | £350,000 | 10 CHALLENGER CLOSE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 6 Jun 2019. Using an estimated price of £309,918 means this house is valued at £3,405 per sq meter (£316 per sq foot).
The average size of a house on RICHMOND DRIVE is 92 sq meters (1,000 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Challenger Close |
| Sep 2024 | Possession of weapons | Under investigation | On or near Challenger Close |