£257,192
This estimated value is based upon the latest sale price for the house of £225,000 on 19 Dec 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £225,000 | 19 Dec 2020 |
| Terraced |
| Freehold |
| Floor Area: 60 sq meters or 645 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 December 2020 the House Price Index for MEDWAY was 129.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.308%.Applying this 14.308% change to the original purchase price of £225,000 results in an estimated price of approximately £257,192.
| 19 Dec 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.0 | 14.308 % | £225,000 | £32,192 | £257,192 |
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 | 66.020 % | £148,544 | £373,544 |
| 3 Month Average | 8.950 % | £20,136 | £245,136 |
| 6 Month Average | 8.690 % | £19,551 | £244,551 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £181,433 | £178,000 | 20 WOLLASTON CLOSE |
| 7 Aug 2023 | £265,615 | £264,000 | 28 RYCAUT CLOSE |
| 27 Jul 2023 | £267,531 | £265,000 | 6 WOLLASTON CLOSE |
| 6 Mar 2023 | £326,766 | £325,000 | 19 ROWBROCKE CLOSE |
| 17 Feb 2023 | £298,588 | £300,000 | 87 HAWBECK ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 22 Jun 2020. Using an estimated price of £257,193 means this house is valued at £4,286 per sq meter (£398 per sq foot).
The average size of a house on WOLLASTON CLOSE is 63 sq meters (680 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Wollaston Close | |
| Apr 2024 | Anti-social behaviour | On or near Wollaston Close | |
| Apr 2024 | Anti-social behaviour | On or near Wollaston Close | |
| Apr 2024 | Anti-social behaviour | On or near Wollaston Close | |
| Mar 2024 | Drugs | Under investigation | On or near Rowbrocke Close |