£295,646
This estimated value is based upon the latest sale price for the house of £250,000 on 29 Sep 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £250,000 | 29 Sep 2020 |
| £160,000 | 2 May 2008 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 969 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 2020 the House Price Index for MEDWAY was 125.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 18.259%.Applying this 18.259% change to the original purchase price of £250,000 results in an estimated price of approximately £295,646.
| 29 Sep 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.0 | 18.259 % | £250,000 | £45,646 | £295,646 |
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 | 22.987 % | £57,468 | £307,468 |
| 3 Month Average | -7.499 % | £-18,746 | £231,253 |
| 6 Month Average | 14.665 % | £36,662 | £286,662 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £301,835 | £300,000 | 22 KINGFISHER DRIVE |
| 21 Mar 2023 | £316,712 | £315,000 | 51 KINGFISHER DRIVE |
| 21 Mar 2023 | £233,261 | £232,000 | 26 SHERIDAN CLOSE |
| 13 Jan 2023 | £327,127 | £330,000 | 34 SHERIDAN CLOSE |
| 6 Jan 2023 | £619,558 | £625,000 | 2 BARLEYMOW CLOSE |
This house has a floor area of 90 sq meters or 969 sq feet when measured on 7 Apr 2010. Using an estimated price of £295,647 means this house is valued at £3,283 per sq meter (£305 per sq foot).
The average size of a house on SHERIDAN CLOSE is 86 sq meters (933 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Sheridan Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sheridan Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sheridan Close |
| Apr 2024 | Anti-social behaviour | On or near Kingfisher Drive | |
| Apr 2024 | Drugs | Unable to prosecute suspect | On or near Kingfisher Drive |