£379,421
This estimated value is based upon the latest sale price for the house of £305,000 on 21 Sep 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £305,000 | 21 Sep 2018 |
| £188,000 | 5 Sep 2013 |
| £165,000 | 31 Jul 2009 |
| Detached |
| Freehold |
| Floor Area: 63 sq meters or 678 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 September 2018 the House Price Index for MEDWAY was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £305,000 results in an estimated price of approximately £379,421.
| 21 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.401 % | £305,000 | £74,421 | £379,421 |
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 | 48.360 % | £147,496 | £452,496 |
| 3 Month Average | 18.825 % | £57,416 | £362,416 |
| 6 Month Average | 19.326 % | £58,943 | £363,943 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jul 2024 | £205,000 | £205,000 | 104 MADDEN AVENUE |
| 4 Jun 2024 | £235,000 | £235,000 | 33 WATSON AVENUE |
| 20 Dec 2023 | £273,401 | £265,000 | 102 MADDEN AVENUE |
| 17 Oct 2023 | £317,204 | £310,000 | 9 WATSON AVENUE |
| 2 Oct 2023 | £266,042 | £260,000 | 52 BINLAND GROVE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 26 Sep 2019. Using an estimated price of £379,422 means this house is valued at £6,022 per sq meter (£559 per sq foot).
The average size of a house on WATSON AVENUE is 103 sq meters (1,114 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Hill View Way | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Maidstone Road |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Maidstone Road |
| Sep 2024 | Anti-social behaviour | On or near Maidstone Road | |
| Aug 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Maidstone Road |