£272,118
This estimated value is based upon the latest sale price for the house of £220,000 on 30 Aug 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £220,000 | 30 Aug 2018 |
| £156,000 | 14 Oct 2013 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 August 2018 the House Price Index for MEDWAY was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £220,000 results in an estimated price of approximately £272,118.
| 30 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £220,000 | £52,118 | £272,118 |
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 | -17.229 % | £-37,903 | £182,096 |
| 3 Month Average | -7.382 % | £-16,239 | £203,760 |
| 6 Month Average | 16.520 % | £36,343 | £256,343 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £228,070 | £225,000 | 7 BERKSHIRE CLOSE |
| 29 Jun 2023 | £136,655 | £135,000 | 11 SOMERSET CLOSE |
| 17 Feb 2023 | £309,792 | £310,000 | 20 WORDSWORTH CLOSE |
| 24 Aug 2022 | £262,294 | £263,000 | 14 WORDSWORTH CLOSE |
| 10 Aug 2022 | £274,262 | £275,000 | 18 WORDSWORTH CLOSE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 13 Mar 2013. Using an estimated price of £272,119 means this house is valued at £2,429 per sq meter (£225 per sq foot).
The average size of a house on WILTSHIRE CLOSE is 96 sq meters (1,041 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near Berkshire Close |
| Mar 2024 | Other crime | Under investigation | On or near Berkshire Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ventnor Close |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Ventnor Close |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Devon Close |