£404,095
This estimated value is based upon the latest sale price for the house of £400,000 on 24 Jun 2022. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £400,000 | 24 Jun 2022 |
| £132,000 | 26 Apr 2000 |
| Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 June 2022 the House Price Index for MEDWAY was 146.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.024%.Applying this 1.024% change to the original purchase price of £400,000 results in an estimated price of approximately £404,095.
| 24 Jun 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 148.0 | 1.024 % | £400,000 | £4,095 | £404,095 |
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 | -13.001 % | £-52,003 | £347,996 |
| 3 Month Average | -5.788 % | £-23,150 | £376,849 |
| 6 Month Average | -4.255 % | £-17,019 | £382,980 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £377,135 | £370,000 | 23 BIRKHALL CLOSE |
| 24 Mar 2023 | £443,397 | £441,000 | 4 HIGHGROVE ROAD |
| 10 Feb 2023 | £119,435 | £120,000 | FLAT 4 APPOLLO HOUSE ILLUSTRIOUS CLOSE |
| 13 Jul 2022 | £83,887 | £84,000 | FLAT 10 APOLLO HOUSE ILLUSTRIOUS CLOSE |
| 24 Jun 2022 | £404,096 | £400,000 | 5 SWALLOW RISE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 19 Aug 2021. Using an estimated price of £404,096 means this house is valued at £4,000 per sq meter (£371 per sq foot).
The average size of a house on SWALLOW RISE is 103 sq meters (1,113 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Birk Hall Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Swallow Rise |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Swallow Rise |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Swallow Rise |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Illustrious Close |