£203,079
This estimated value is based upon the latest sale price for the house of £115,000 on 13 Apr 2006. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £115,000 | 13 Apr 2006 |
| £66,000 | 10 Jul 2001 |
| £39,000 | 20 Jan 1995 |
| Terraced |
| 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 April 2006 the House Price Index for MEDWAY was 84.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 76.591%.Applying this 76.591% change to the original purchase price of £115,000 results in an estimated price of approximately £203,079.
| 13 Apr 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.8 | 149.7 | 76.591 % | £115,000 | £88,079 | £203,079 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | 122.847 % | £141,273 | £256,273 |
| 3 Month Average | 89.524 % | £102,952 | £217,952 |
| 6 Month Average | 90.409 % | £103,970 | £218,970 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £336,061 | £330,000 | 37 DOWNSVIEW |
| 29 Jun 2023 | £137,761 | £135,000 | 11 SOMERSET CLOSE |
| 14 Feb 2023 | £6,461,364 | £6,418,202 | 96 HOPEWELL DRIVE |
| 16 Feb 2022 | £288,413 | £273,000 | 31 WILTSHIRE CLOSE |
| 20 Dec 2021 | £323,792 | £300,000 | 16 DOWNSVIEW |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Somerset Close |
| Jul 2024 | Drugs | Under investigation | On or near Somerset Close |
| Jun 2024 | Anti-social behaviour | On or near Somerset Close | |
| Jun 2024 | Anti-social behaviour | On or near Somerset Close | |
| May 2024 | Possession of weapons | Unable to prosecute suspect | On or near Somerset Close |