£346,266
This estimated value is based upon the latest sale price for the house of £280,000 on 8 Apr 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £280,000 | 8 Apr 2020 |
| £225,108 | 6 Jan 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 April 2020 the House Price Index for MEDWAY was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.667%.Applying this 23.667% change to the original purchase price of £280,000 results in an estimated price of approximately £346,266.
| 8 Apr 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.667 % | £280,000 | £66,266 | £346,266 |
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 | 33.793 % | £94,620 | £374,620 |
| 3 Month Average | 13.380 % | £37,463 | £317,463 |
| 6 Month Average | 14.765 % | £41,340 | £321,340 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £412,681 | £400,000 | 6 LARCHCROFT |
| 7 Dec 2023 | £278,560 | £270,000 | 49 SUSSEX DRIVE |
| 12 Oct 2023 | £393,947 | £385,000 | 5 PEACOCK RISE |
| 30 Jun 2023 | £272,460 | £267,000 | 157 PRINCES AVENUE |
| 29 Mar 2023 | £256,280 | £252,000 | 7 BROWNHILL CLOSE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 14 Oct 2015. Using an estimated price of £346,266 means this house is valued at £4,556 per sq meter (£423 per sq foot).
The average size of a house on SUSSEX DRIVE is 89 sq meters (960 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Larchcroft |
| Jul 2024 | Other crime | Unable to prosecute suspect | On or near Sussex Drive |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Sussex Drive |
| Apr 2024 | Anti-social behaviour | On or near Sussex Drive | |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sussex Drive |