£398,264
This estimated value is based upon the latest sale price for the house of £315,000 on 5 Jan 2018. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £315,000 | 5 Jan 2018 |
| £220,000 | 1 Jul 2010 |
| Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,145 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in January 2018 the House Price Index for KENT was 118.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.433%.Applying this 26.433% change to the original purchase price of £315,000 results in an estimated price of approximately £398,264.
| 5 Jan 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 149.7 | 26.433 % | £315,000 | £83,264 | £398,264 |
The Postcode Pricing Model uses changes in average sales price within the ME15 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 | 38.586 % | £121,544 | £436,544 |
| 3 Month Average | 32.771 % | £103,229 | £418,229 |
| 6 Month Average | 19.732 % | £62,154 | £377,154 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Jun 2023 | £63,778 | £62,500 | 22 HUGHENDEN REACH |
| 11 Apr 2023 | £545,197 | £535,000 | 462 LOOSE ROAD |
| 17 Mar 2023 | £649,568 | £638,720 | HALFACRE CRIPPLE STREET |
| 3 Mar 2023 | £366,114 | £360,000 | 80 MELROSE CLOSE |
| 31 Aug 2022 | £160,752 | £160,000 | 58 MELROSE CLOSE |
This house has a floor area of 106 sq meters or 1,145 sq feet when measured on 11 Jun 2010. Using an estimated price of £398,264 means this house is valued at £3,740 per sq meter (£347 per sq foot).
The average size of a house on MELROSE CLOSE is 102 sq meters (1,101 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Aug 2024 | Violence and sexual offences | Awaiting court outcome | On or near Lawrence Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Warnford Gardens |
| Aug 2024 | Drugs | Investigation complete; no suspect identified | On or near Warnford Gardens |
| Aug 2024 | Anti-social behaviour | On or near Cripple Street |