£525,570
This estimated value is based upon the latest sale price for the house of £450,000 on 12 Nov 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £450,000 | 12 Nov 2020 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 November 2020 the House Price Index for MEDWAY was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £450,000 results in an estimated price of approximately £525,570.
| 12 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £450,000 | £75,570 | £525,570 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 9.573 % | £43,077 | £493,077 |
| 3 Month Average | 8.741 % | £39,332 | £489,332 |
| 6 Month Average | 9.090 % | £40,905 | £490,905 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £400,300 | £388,000 | 30 LYNDHURST AVENUE |
| 24 Oct 2023 | £588,363 | £575,000 | 88 THE PLATTERS |
| 21 Aug 2023 | £341,153 | £335,000 | 33 LYNDHURST AVENUE |
| 3 Mar 2023 | £399,675 | £393,000 | 48 LYNDHURST AVENUE |
| 27 Jan 2023 | £827,210 | £825,000 | 130 MARSHALL ROAD |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 29 Jul 2020. Using an estimated price of £525,571 means this house is valued at £4,570 per sq meter (£424 per sq foot).
The average size of a house on THE PLATTERS is 117 sq meters (1,262 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lyndhurst Avenue |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near The Mailyns |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Mailyns |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Mailyns |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Highfield Close |