£261,352
This estimated value is based upon the latest sale price for the house of £205,000 on 21 Jul 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £205,000 | 21 Jul 2017 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 2017 the House Price Index for MEDWAY was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £205,000 results in an estimated price of approximately £261,352.
| 21 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £205,000 | £56,352 | £261,352 |
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 | -4.680 % | £-9,594 | £195,405 |
| 3 Month Average | 3.683 % | £7,550 | £212,550 |
| 6 Month Average | 27.375 % | £56,118 | £261,118 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £136,748 | £135,000 | FLAT 11 LINDEN HOUSE SILVERWEED ROAD |
| 27 Jan 2023 | £348,359 | £350,000 | 9 WINCHESTER AVENUE |
| 27 Jan 2023 | £364,284 | £366,000 | 21 WINCHESTER AVENUE |
| 23 Mar 2021 | £233,753 | £210,000 | 4 JASMINE CLOSE |
| 9 Dec 2020 | £218,066 | £190,000 | 17 SPEEDWELL AVENUE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 18 Oct 2012. Using an estimated price of £261,352 means this house is valued at £3,148 per sq meter (£292 per sq foot).
The average size of a house on SILVERWEED ROAD is 82 sq meters (888 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Teasel Road |
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Teasel Road |
| Mar 2024 | Anti-social behaviour | On or near Teasel Road | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Teasel Road |
| Feb 2024 | Criminal damage and arson | Further action is not in the public interest | On or near Teasel Road |