£266,821
This estimated value is based upon the latest sale price for the house of £156,000 on 31 Oct 2012. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £156,000 | 31 Oct 2012 |
| Detached |
| Freehold |
| Floor Area: 49 sq meters or 527 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 2012 the House Price Index for MEDWAY was 87.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.040%.Applying this 71.040% change to the original purchase price of £156,000 results in an estimated price of approximately £266,821.
| 31 Oct 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 149.7 | 71.040 % | £156,000 | £110,821 | £266,821 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | 77.776 % | £121,330 | £277,330 |
| 3 Month Average | 66.419 % | £103,614 | £259,614 |
| 6 Month Average | 74.025 % | £115,479 | £271,479 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £280,435 | £278,000 | 22 CHICAGO AVENUE |
| 3 Nov 2023 | £282,162 | £275,000 | 12 TORONTO ROAD |
| 12 Jun 2023 | £397,975 | £390,000 | 14 CHICAGO AVENUE |
| 6 Sep 2022 | £324,783 | £325,000 | 82 SUNNYMEAD AVENUE |
| 1 Jul 2022 | £332,330 | £329,000 | 99 SUNNYMEAD AVENUE |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 26 Apr 2012. Using an estimated price of £266,822 means this house is valued at £5,445 per sq meter (£505 per sq foot).
The average size of a house on CHICAGO AVENUE is 103 sq meters (1,117 sq feet).
This house is the smallest in the street with a floor area of 49 sq meters (527 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Chicago Avenue | |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chicago Avenue |
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Chicago Avenue |
| Sep 2024 | Anti-social behaviour | On or near Chicago Avenue | |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chicago Avenue |