£317,889
This estimated value is based upon the latest sale price for the house of £295,000 on 21 Sep 2021. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £295,000 | 21 Sep 2021 |
| £240,000 | 5 Jan 2018 |
| £72,000 | 19 Nov 1999 |
| £58,000 | 23 Jan 1998 |
| £48,000 | 7 Jun 1996 |
| Terraced |
| Freehold |
| Floor Area: 54 sq meters or 581 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 September 2021 the House Price Index for KENT was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £295,000 results in an estimated price of approximately £317,889.
| 21 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £295,000 | £22,889 | £317,889 |
The Postcode Pricing Model uses changes in average sales price within the TN1 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 | 19.838 % | £58,522 | £353,522 |
| 3 Month Average | 14.115 % | £41,638 | £336,638 |
| 6 Month Average | -8.131 % | £-23,986 | £271,013 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £234,096 | £230,000 | 40 LAKE COURT MEDWAY DRIVE |
| 16 Nov 2023 | £223,306 | £220,000 | 32 LAKE COURT MEDWAY DRIVE |
| 7 Sep 2023 | £250,706 | £247,500 | 7 LAKE COURT MEDWAY DRIVE |
| 7 Jul 2023 | £182,456 | £180,000 | 54 LAKE COURT MEDWAY DRIVE |
| 23 Nov 2022 | £247,008 | £250,000 | 23 LAKE COURT MEDWAY DRIVE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 8 Aug 2017. Using an estimated price of £317,890 means this house is valued at £5,886 per sq meter (£546 per sq foot).
The average size of a house on QUARRY ROAD is 65 sq meters (710 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Investigation complete; no suspect identified | On or near Medway Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Medway Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Medway Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Medway Road |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Stratford Street |