£677,137
This estimated value is based upon the latest sale price for the house of £225,000 on 12 Apr 2002. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £225,000 | 12 Apr 2002 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 976 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 April 2002 the House Price Index for MEDWAY was 49.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 200.950%.Applying this 200.950% change to the original purchase price of £225,000 results in an estimated price of approximately £677,137.
| 12 Apr 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 149.7 | 200.950 % | £225,000 | £452,137 | £677,137 |
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 | 219.160 % | £493,108 | £718,108 |
| 3 Month Average | 194.552 % | £437,742 | £662,742 |
| 6 Month Average | 205.019 % | £461,292 | £686,292 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £276,496 | £268,000 | 18 CAPEL CLOSE |
| 16 Nov 2023 | £410,418 | £400,000 | 542 MAIDSTONE ROAD |
| 14 Nov 2023 | £328,334 | £320,000 | 7 FANE WAY |
| 12 Jul 2022 | £368,694 | £365,000 | 538 MAIDSTONE ROAD |
| 8 Jul 2022 | £429,302 | £425,000 | 35 CAPEL CLOSE |
This house has a floor area of 90 sq meters or 976 sq feet when measured on 27 Feb 2009. Using an estimated price of £677,137 means this house is valued at £7,462 per sq meter (£693 per sq foot).
The average size of a house on MAIDSTONE ROAD is 122 sq meters (1,314 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Capel Close |
| Aug 2024 | Criminal damage and arson | Awaiting court outcome | On or near Capel Close |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Capel Close |
| Oct 2024 | Other theft | Under investigation | On or near Fane Way |
| Sep 2024 | Drugs | Unable to prosecute suspect | On or near Fane Way |