£426,308
This estimated value is based upon the latest sale price for the house of £340,000 on 23 Aug 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £340,000 | 23 Aug 2017 |
| £190,000 | 8 Jun 2011 |
| £75,000 | 26 Aug 1997 |
| Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 August 2017 the House Price Index for MEDWAY was 117.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 25.385%.Applying this 25.385% change to the original purchase price of £340,000 results in an estimated price of approximately £426,308.
| 23 Aug 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 146.7 | 25.385 % | £340,000 | £86,308 | £426,308 |
The Postcode Pricing Model uses changes in average sales price within the ME2 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 | -10.541 % | £-35,840 | £304,159 |
| 3 Month Average | 8.920 % | £30,328 | £370,328 |
| 6 Month Average | 20.863 % | £70,934 | £410,934 |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 21 Aug 2020.
The average size of a house on RAVENSWOOD AVENUE is 94 sq meters (1,014 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Drugs | Unable to prosecute suspect | On or near Ravenswood Avenue |
| Feb 2024 | Anti-social behaviour | On or near Mill Close | |
| Feb 2024 | Anti-social behaviour | On or near Mill Close | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Prospect Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mill Road |