£292,559
This estimated value is based upon the latest sale price for the house of £290,000 on 25 Aug 2023. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £290,000 | 25 Aug 2023 |
| £221,000 | 10 Apr 2019 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 2023 the House Price Index for MEDWAY was 147.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.883%.Applying this 0.883% change to the original purchase price of £290,000 results in an estimated price of approximately £292,559.
| 25 Aug 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.3 | 148.6 | 0.883 % | £290,000 | £2,559 | £292,559 |
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 | -24.260 % | £-70,354 | £219,645 |
| 3 Month Average | -18.239 % | £-52,893 | £237,106 |
| 6 Month Average | 3.776 % | £10,951 | £300,951 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £292,559 | £290,000 | 43 SPITFIRE CLOSE |
| 28 Jul 2023 | £293,956 | £290,000 | 4 HALIFAX CLOSE |
| 17 Nov 2022 | £426,830 | £432,000 | 8 THRUSH CLOSE |
| 11 Nov 2022 | £454,495 | £460,000 | 85 REDWING ROAD |
| 29 Jul 2022 | £250,675 | £250,000 | 22 SPITFIRE CLOSE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 1 Feb 2019. Using an estimated price of £292,559 means this house is valued at £3,250 per sq meter (£301 per sq foot).
The average size of a house on SPITFIRE CLOSE is 98 sq meters (1,063 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Spitfire Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Halifax Close |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Defiant Close |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Anson Close |
| Dec 2023 | Anti-social behaviour | On or near Anson Close |