£301,773
This estimated value is based upon the latest sale price for the house of £240,000 on 17 Oct 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £240,000 | 17 Oct 2019 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 October 2019 the House Price Index for MEDWAY was 81.2.
The House Price Index as of 1 Jan 2025 is 102.1 which is a change of 25.739%.Applying this 25.739% change to the original purchase price of £240,000 results in an estimated price of approximately £301,773.
| 17 Oct 2019 | 1 Jan 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.2 | 102.1 | 25.739 % | £240,000 | £61,773 | £301,773 |
The Postcode Pricing Model uses changes in average sales price within the ME1 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 | -11.366 % | £-27,279 | £212,720 |
| 3 Month Average | -4.557 % | £-10,936 | £229,063 |
| 6 Month Average | 7.328 % | £17,587 | £257,587 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2024 | £202,379 | £200,000 | 74 SIDNEY ROAD |
| 3 May 2024 | £325,192 | £315,000 | 83 BORSTAL STREET |
| 28 Mar 2024 | £271,154 | £260,000 | 16 SIDNEY ROAD |
| 16 Feb 2024 | £188,492 | £180,000 | 21 SUNDERLAND CLOSE |
| 10 Nov 2023 | £242,697 | £232,000 | 16 MANSEL DRIVE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 19 Feb 2019. Using an estimated price of £301,773 means this house is valued at £3,280 per sq meter (£304 per sq foot).
The average size of a house on MERCURY CLOSE is 79 sq meters (860 sq feet).
This house is the largest in the street with a floor area of 92 sq meters (990 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2025 | Anti-social behaviour | On or near Mercury Close | |
| Feb 2025 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mercury Close |
| Feb 2025 | Drugs | Under investigation | On or near Mercury Close |
| Feb 2025 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mercury Close |
| Feb 2025 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mercury Close |