£303,901
This estimated value is based upon the latest sale price for the house of £300,000 on 29 Nov 2023. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £300,000 | 29 Nov 2023 |
| Semi-Detached |
| Freehold |
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 2023 the House Price Index for MEDWAY was 146.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.300%.Applying this 1.300% change to the original purchase price of £300,000 results in an estimated price of approximately £303,901.
| 29 Nov 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.1 | 148.0 | 1.300 % | £300,000 | £3,901 | £303,901 |
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 | -5.789 % | £-17,367 | £282,632 |
| 3 Month Average | -11.062 % | £-33,185 | £266,814 |
| 6 Month Average | 1.014 % | £3,041 | £303,041 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £303,901 | £300,000 | 240 CHURCHILL AVENUE |
| 17 Nov 2023 | £303,901 | £300,000 | 25 DUNKIRK DRIVE |
| 31 Aug 2023 | £318,940 | £317,000 | 10 ARNHEM DRIVE |
| 27 Jan 2023 | £341,996 | £345,000 | 61 TOBRUK WAY |
| 21 Jul 2022 | £154,791 | £155,000 | 25 BURMA WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tobruk Way |
| Apr 2024 | Other theft | Unable to prosecute suspect | On or near Tobruk Way |
| Feb 2024 | Anti-social behaviour | On or near Tobruk Way | |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tobruk Way |
| Feb 2024 | Anti-social behaviour | On or near Tobruk Way |