£304,938
This estimated value is based upon the latest sale price for the house of £238,000 on 22 Jun 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £238,000 | 22 Jun 2017 |
| £140,000 | 19 Jun 2009 |
| £154,000 | 29 Oct 2004 |
| £78,995 | 30 Jun 2000 |
| £60,000 | 1 Oct 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 53 sq meters or 570 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 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £238,000 results in an estimated price of approximately £304,938.
| 22 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £238,000 | £66,938 | £304,938 |
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 | -0.602 % | £-1,432 | £236,567 |
| 3 Month Average | 3.900 % | £9,282 | £247,282 |
| 6 Month Average | 26.543 % | £63,172 | £301,172 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £350,000 | £350,000 | 5 SCARLETT CLOSE |
| 15 Dec 2023 | £290,075 | £285,000 | 4 SWIFT CRESCENT |
| 22 Nov 2023 | £306,538 | £302,000 | 27 SETFORD ROAD |
| 25 Mar 2022 | £453,883 | £438,000 | 11 SETFORD ROAD |
| 5 Jan 2022 | £347,295 | £330,000 | 23 SETFORD ROAD |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 2 Apr 2017. Using an estimated price of £304,939 means this house is valued at £5,753 per sq meter (£534 per sq foot).
The average size of a house on SETFORD ROAD is 106 sq meters (1,151 sq feet).
This house is the smallest in the street with a floor area of 53 sq meters (570 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Action to be taken by another organisation | On or near Allen Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Scarlett Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Swift Crescent |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Defiant Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bowman Close |