£1,013,558
This estimated value is based upon the latest sale price for the house of £820,000 on 19 Sep 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £820,000 | 19 Sep 2019 |
| £389,000 | 17 Dec 2015 |
| Detached |
| Freehold |
| Floor Area: 337 sq meters or 3,627 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 2019 the House Price Index for MEDWAY was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £820,000 results in an estimated price of approximately £1,013,558.
| 19 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £820,000 | £193,558 | £1,013,558 |
The Postcode Pricing Model uses changes in average sales price within the ME4 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 | -2.141 % | £-17,559 | £802,440 |
| 3 Month Average | -7.882 % | £-64,628 | £755,371 |
| 6 Month Average | 15.455 % | £126,728 | £946,728 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £1,005,524 | £980,000 | 161 MAIDSTONE ROAD |
| 15 Aug 2023 | £712,857 | £700,000 | 276 MAIDSTONE ROAD |
| 6 Apr 2023 | £728,628 | £715,000 | 254 MAIDSTONE ROAD |
| 4 Oct 2022 | £647,836 | £650,000 | 260 MAIDSTONE ROAD |
| 28 Jun 2022 | £960,532 | £940,000 | 266 MAIDSTONE ROAD |
This house has a floor area of 337 sq meters or 3,627 sq feet when measured on 9 Jul 2019. Using an estimated price of £1,013,558 means this house is valued at £3,007 per sq meter (£279 per sq foot).
The average size of a house on THE RIDGEWAY is 170 sq meters (1,830 sq feet).
This house is the largest in the street with a floor area of 337 sq meters (3,627 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Maidstone Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Maidstone Road |
| Jul 2024 | Burglary | Under investigation | On or near A230 |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near A230 |
| May 2024 | Burglary | Local resolution | On or near A230 |