£256,870
This estimated value is based upon the latest sale price for the house of £55,000 on 24 Jul 1998. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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Price Paid | Date |
---|---|
£55,000 | 24 Jul 1998 |
£41,000 | 7 Feb 1997 |
Terraced |
Freehold |
Floor Area: 69 sq meters or 742 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 1998 the House Price Index for MEDWAY was 31.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 367.038%.Applying this 367.038% change to the original purchase price of £55,000 results in an estimated price of approximately £256,870.
24 Jul 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.8 | 148.6 | 367.038 % | £55,000 | £201,870 | £256,870 |
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 | 241.006 % | £132,553 | £187,553 |
3 Month Average | 298.559 % | £164,207 | £219,207 |
6 Month Average | 392.278 % | £215,753 | £270,753 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Jul 2023 | £253,411 | £250,000 | 10 FLAMINGO CLOSE |
3 Apr 2023 | £262,830 | £260,000 | 37 FLAMINGO CLOSE |
24 Feb 2023 | £239,839 | £240,000 | 9 FLAMINGO CLOSE |
1 Sep 2022 | £262,877 | £265,000 | 7 CHAFFINCH CLOSE |
10 Aug 2022 | £218,412 | £219,000 | 51 CHAFFINCH CLOSE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 17 Nov 2017. Using an estimated price of £256,871 means this house is valued at £3,722 per sq meter (£345 per sq foot).
The average size of a house on CHAFFINCH CLOSE is 57 sq meters (619 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Chaffinch Close |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Chaffinch Close |
Jan 2024 | Other theft | Unable to prosecute suspect | On or near Clover Bank View |
Feb 2024 | Anti-social behaviour | On or near Coverdale Close | |
Feb 2024 | Anti-social behaviour | On or near Coverdale Close |