£612,950
This estimated value is based upon the latest sale price for the house of £492,000 on 3 Apr 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £492,000 | 3 Apr 2019 |
| £410,000 | 13 Jul 2016 |
| £125,000 | 20 Nov 1998 |
| Detached |
| Freehold |
| Floor Area: 185 sq meters or 1,991 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 2019 the House Price Index for MEDWAY was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.583%.Applying this 24.583% change to the original purchase price of £492,000 results in an estimated price of approximately £612,950.
| 3 Apr 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.583 % | £492,000 | £120,950 | £612,950 |
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 | 16.425 % | £80,810 | £572,810 |
| 3 Month Average | 18.803 % | £92,510 | £584,510 |
| 6 Month Average | 16.939 % | £83,339 | £575,339 |
| 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 185 sq meters or 1,991 sq feet when measured on 6 Aug 2013. Using an estimated price of £612,950 means this house is valued at £3,313 per sq meter (£307 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 | Under investigation | On or near Capel Close |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Capel Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dixwell Close |
| Jun 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Dixwell Close |