£277,479
This estimated value is based upon the latest sale price for the house of £183,000 on 9 Sep 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
There has been one burglary within the last year on or near Ringwood Close
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| Price Paid | Date |
|---|---|
| £183,000 | 9 Sep 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 September 2014 the House Price Index for MEDWAY was 98.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 51.628%.Applying this 51.628% change to the original purchase price of £183,000 results in an estimated price of approximately £277,479.
| 9 Sep 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 149.7 | 51.628 % | £183,000 | £94,479 | £277,479 |
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 | 73.724 % | £134,914 | £317,914 |
| 3 Month Average | 53.479 % | £97,866 | £280,866 |
| 6 Month Average | 64.621 % | £118,255 | £301,255 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jun 2022 | £459,829 | £450,000 | 54 CHERITON ROAD |
| 1 Feb 2022 | £338,066 | £320,000 | 153 MAIDSTONE ROAD |
| 30 Jul 2021 | £376,276 | £325,000 | 202 MAIDSTONE ROAD |
| 27 Mar 2020 | £430,740 | £355,000 | 10 BETTESCOMBE ROAD |
| 24 Oct 2019 | £352,089 | £285,000 | 41 CHERITON ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 20 Mar 2014. Using an estimated price of £277,479 means this house is valued at £4,080 per sq meter (£379 per sq foot).
The average size of a house on MAIDSTONE ROAD is 122 sq meters (1,314 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Ringwood Close |
| Jul 2024 | Possession of weapons | Unable to prosecute suspect | On or near Cheriton Road |
| Oct 2024 | Anti-social behaviour | On or near Henley Close | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Henley Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Henley Close |