£589,072
This estimated value is based upon the latest sale price for the house of £545,000 on 24 Jun 2021. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £545,000 | 24 Jun 2021 |
| £510,000 | 28 Sep 2016 |
| £125,000 | 30 Jan 1998 |
| Detached |
| 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 June 2021 the House Price Index for MEDWAY was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £545,000 results in an estimated price of approximately £589,072.
| 24 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £545,000 | £44,072 | £589,072 |
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 | -1.795 % | £-9,784 | £535,215 |
| 3 Month Average | -7.744 % | £-42,204 | £502,795 |
| 6 Month Average | -5.157 % | £-28,107 | £516,892 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2024 | £712,000 | £712,000 | 4 COBBLESTONES |
| 7 Aug 2023 | £356,429 | £350,000 | 7 HONEY CLOSE |
| 30 Jun 2023 | £704,110 | £690,000 | 15 COBBLESTONES |
| 20 Jan 2023 | £782,090 | £780,000 | 41 COBBLESTONES |
| 14 Jan 2022 | £386,972 | £365,000 | 8 THE PADDOCKS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Under investigation | On or near The Paddocks |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near The Paddocks |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lamplighters Close |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Honey Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hempstead Road |