£449,052
This estimated value is based upon the latest sale price for the house of £365,000 on 28 Feb 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £365,000 | 28 Feb 2019 |
| £180,000 | 5 Jan 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 February 2019 the House Price Index for MEDWAY was 120.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.028%.Applying this 23.028% change to the original purchase price of £365,000 results in an estimated price of approximately £449,052.
| 28 Feb 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.0 | 23.028 % | £365,000 | £84,052 | £449,052 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 61.930 % | £226,042 | £591,042 |
| 3 Month Average | 12.789 % | £46,680 | £411,680 |
| 6 Month Average | 14.046 % | £51,268 | £416,268 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £302,246 | £300,000 | 61 ELMFIELD |
| 13 Feb 2023 | £327,451 | £329,000 | 48 LOCARNO AVENUE |
| 4 Nov 2022 | £356,715 | £362,500 | 6 BROADWAY |
| 20 Dec 2021 | £453,497 | £425,000 | 60 LOCARNO AVENUE |
| 26 Mar 2020 | £305,891 | £255,000 | 39 SOUTH AVENUE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 15 Nov 2018. Using an estimated price of £449,052 means this house is valued at £3,773 per sq meter (£350 per sq foot).
The average size of a house on LOCARNO AVENUE is 118 sq meters (1,277 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Geneva Avenue |
| Apr 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Geneva Avenue |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Geneva Avenue |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Geneva Avenue |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Geneva Avenue |