£356,863
This estimated value is based upon the latest sale price for the house of £205,000 on 18 Jul 2011. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £205,000 | 18 Jul 2011 |
| £155,000 | 3 Apr 2002 |
| £107,000 | 20 Feb 1997 |
| 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 July 2011 the House Price Index for MEDWAY was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.080%.Applying this 74.080% change to the original purchase price of £205,000 results in an estimated price of approximately £356,863.
| 18 Jul 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.080 % | £205,000 | £151,863 | £356,863 |
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 | 108.971 % | £223,391 | £428,391 |
| 3 Month Average | 87.479 % | £179,332 | £384,332 |
| 6 Month Average | 93.801 % | £192,292 | £397,292 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £319,915 | £315,000 | 37 FARNHAM CLOSE |
| 17 Nov 2023 | £312,944 | £305,000 | 51 OTTERHAM QUAY LANE |
| 29 Sep 2023 | £306,762 | £300,000 | 74 FARNHAM CLOSE |
| 6 Sep 2023 | £311,875 | £305,000 | 5 SMARDEN WALK |
| 11 Aug 2023 | £351,337 | £345,000 | 5 BLACKTHORN ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Awaiting court outcome | On or near Gloucester Close |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chichester Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Chichester Close |
| Aug 2024 | Anti-social behaviour | On or near Chichester Close | |
| Aug 2024 | Anti-social behaviour | On or near Chichester Close |