£496,934
This estimated value is based upon the latest sale price for the house of £385,000 on 21 Jun 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
There has been one burglary within the last year on or near Chicago Avenue
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| Price Paid | Date |
|---|---|
| £385,000 | 21 Jun 2017 |
| Detached |
| Freehold |
| Floor Area: 122 sq meters or 1,313 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 June 2017 the House Price Index for MEDWAY was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £385,000 results in an estimated price of approximately £496,934.
| 21 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 149.7 | 29.074 % | £385,000 | £111,934 | £496,934 |
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 | -4.369 % | £-16,819 | £368,180 |
| 3 Month Average | 11.353 % | £43,707 | £428,707 |
| 6 Month Average | 20.771 % | £79,968 | £464,968 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £280,435 | £278,000 | 22 CHICAGO AVENUE |
| 14 Mar 2024 | £267,104 | £263,000 | 109 WOODLANDS ROAD |
| 23 Jun 2023 | £255,112 | £250,000 | 111 WOODLANDS ROAD |
| 12 Jun 2023 | £397,975 | £390,000 | 14 CHICAGO AVENUE |
| 17 Feb 2023 | £276,849 | £275,000 | 77 WOODLANDS ROAD |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 24 Sep 2016. Using an estimated price of £496,935 means this house is valued at £4,073 per sq meter (£378 per sq foot).
The average size of a house on CHICAGO AVENUE is 103 sq meters (1,117 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chicago Avenue |
| Oct 2024 | Anti-social behaviour | 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 | Burglary | Investigation complete; no suspect identified | On or near Chicago Avenue |