£303,885
This estimated value is based upon the latest sale price for the house of £300,000 on 29 Sep 2023. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £300,000 | 29 Sep 2023 |
| £200,000 | 4 Dec 2015 |
| £59,000 | 24 Oct 1997 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in September 2023 the House Price Index for KENT was 146.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.295%.Applying this 1.295% change to the original purchase price of £300,000 results in an estimated price of approximately £303,885.
| 29 Sep 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 148.6 | 1.295 % | £300,000 | £3,885 | £303,885 |
The Postcode Pricing Model uses changes in average sales price within the ME5 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 | 1.023 % | £3,069 | £303,069 |
| 3 Month Average | -17.620 % | £-52,859 | £247,140 |
| 6 Month Average | 5.567 % | £16,699 | £316,699 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £203,562 | £200,000 | 48 BIRCH DRIVE |
| 29 Sep 2023 | £303,885 | £300,000 | 49 GLEAMING WOOD DRIVE |
| 24 Feb 2023 | £255,328 | £255,500 | 59 BIRCH DRIVE |
| 11 Nov 2022 | £306,290 | £310,000 | 18 TIMBERTOPS |
| 14 Sep 2022 | £203,358 | £205,000 | 47 BIRCH DRIVE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 5 May 2015. Using an estimated price of £303,885 means this house is valued at £4,280 per sq meter (£397 per sq foot).
The average size of a house on GLEAMING WOOD DRIVE is 81 sq meters (881 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Timber Tops |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Timber Tops |