£574,731
This estimated value is based upon the latest sale price for the house of £532,500 on 1 Dec 2021. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £532,500 | 1 Dec 2021 |
| £200,000 | 21 Jun 2002 |
| Detached |
| Freehold |
| Floor Area: 163 sq meters or 1,754 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in December 2021 the House Price Index for KENT was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £532,500 results in an estimated price of approximately £574,731.
| 1 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £532,500 | £42,231 | £574,731 |
The Postcode Pricing Model uses changes in average sales price within the ME16 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 | -49.214 % | £-262,063 | £270,436 |
| 3 Month Average | -5.384 % | £-28,669 | £503,830 |
| 6 Month Average | 6.940 % | £36,953 | £569,453 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £567,436 | £550,000 | 13 WATERMILL CLOSE |
| 24 Nov 2023 | £333,465 | £325,000 | 21 THE WEAVERS |
| 26 Oct 2023 | £419,528 | £410,000 | 36 THE WEAVERS |
| 30 Jun 2023 | £561,247 | £550,000 | 22 THE WEAVERS |
| 22 Mar 2023 | £315,265 | £310,000 | 41 THE WEAVERS |
This house has a floor area of 163 sq meters or 1,754 sq feet when measured on 11 Jun 2021. Using an estimated price of £574,731 means this house is valued at £3,525 per sq meter (£327 per sq foot).
There is one other house on the street which we know the size of, this is 2 WATERMILL CLOSE it is 108.61
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Wedgewood Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Montpelier Gate |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hazelwood Drive |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hazelwood Drive |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Pickers Road |