£201,542
This estimated value is based upon the latest sale price for the house of £59,500 on 27 Jul 2001. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £59,500 | 27 Jul 2001 |
| Terraced |
| Freehold |
| Floor Area: 51 sq meters or 548 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 2001 the House Price Index for MEDWAY was 44.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 238.726%.Applying this 238.726% change to the original purchase price of £59,500 results in an estimated price of approximately £201,542.
| 27 Jul 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 149.7 | 238.726 % | £59,500 | £142,042 | £201,542 |
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 | 192.931 % | £114,793 | £174,293 |
| 3 Month Average | 225.181 % | £133,982 | £193,482 |
| 6 Month Average | 231.662 % | £137,838 | £197,338 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2023 | £433,691 | £425,000 | 28 THRALE WAY |
| 17 Jun 2022 | £197,216 | £193,000 | 31 BOND ROAD |
| 1 Jun 2022 | £485,375 | £475,000 | 4 BOND ROAD |
| 8 Apr 2022 | £389,033 | £375,000 | 3 GOLDSMITH ROAD |
| 11 Feb 2022 | £142,622 | £135,000 | 25 BOND ROAD |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 14 Nov 2013. Using an estimated price of £201,542 means this house is valued at £3,951 per sq meter (£367 per sq foot).
The average size of a house on FERRIER CLOSE is 67 sq meters (722 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Ferrier Close |
| Apr 2024 | Drugs | Local resolution | On or near Ferrier Close |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Lyall Way |
| Jul 2024 | Anti-social behaviour | On or near Goldsmith Road | |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Goldsmith Road |