£654,166
This estimated value is based upon the latest sale price for the house of £425,000 on 10 Jul 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £425,000 | 10 Jul 2014 |
| 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 July 2014 the House Price Index for MEDWAY was 97.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 53.921%.Applying this 53.921% change to the original purchase price of £425,000 results in an estimated price of approximately £654,166.
| 10 Jul 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 149.7 | 53.921 % | £425,000 | £229,166 | £654,166 |
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 | 70.178 % | £298,255 | £723,255 |
| 3 Month Average | 61.951 % | £263,291 | £688,291 |
| 6 Month Average | 66.980 % | £284,665 | £709,665 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £420,000 | £420,000 | DONET COTTAGE DONET CLOSE |
| 6 Sep 2023 | £492,865 | £482,000 | 435 MAIDSTONE ROAD |
| 4 Aug 2023 | £850,337 | £835,000 | 488 MAIDSTONE ROAD |
| 16 Jun 2023 | £622,474 | £610,000 | 436 MAIDSTONE ROAD |
| 3 Feb 2023 | £367,455 | £365,000 | 393 MAIDSTONE ROAD |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 23 Oct 2011. Using an estimated price of £654,166 means this house is valued at £5,687 per sq meter (£528 per sq foot).
The average size of a house on MAIDSTONE ROAD is 122 sq meters (1,314 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Drugs | Investigation complete; no suspect identified | On or near Petrol Station |
| Oct 2024 | Other theft | Under investigation | On or near Petrol Station |
| Oct 2024 | Drugs | Investigation complete; no suspect identified | On or near Petrol Station |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |
| Sep 2024 | Anti-social behaviour | On or near Petrol Station |