£331,026
This estimated value is based upon the latest sale price for the house of £68,500 on 22 Dec 1997. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £68,500 | 22 Dec 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 59 sq meters or 635 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 December 1997 the House Price Index for KENT was 30.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 383.251%.Applying this 383.251% change to the original purchase price of £68,500 results in an estimated price of approximately £331,026.
| 22 Dec 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.4 | 146.7 | 383.251 % | £68,500 | £262,526 | £331,026 |
The Postcode Pricing Model uses changes in average sales price within the ME13 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 | 488.157 % | £334,387 | £402,887 |
| 3 Month Average | 379.519 % | £259,970 | £328,470 |
| 6 Month Average | 392.091 % | £268,582 | £337,082 |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 29 Nov 2021.
The average size of a house on WELLS WAY is 77 sq meters (830 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Drugs | Awaiting court outcome | On or near Wells Way |
| Dec 2023 | Other crime | Under investigation | On or near Wells Way |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Maitland Court |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Maitland Court |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Maitland Court |