£315,904
This estimated value is based upon the latest sale price for the house of £238,000 on 25 Nov 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £238,000 | 25 Nov 2016 |
| £150,000 | 12 May 2014 |
| £134,500 | 3 Mar 2006 |
| Terraced |
| Freehold |
| Floor Area: 60 sq meters or 650 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 November 2016 the House Price Index for MEDWAY was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £238,000 results in an estimated price of approximately £315,904.
| 25 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 149.7 | 32.733 % | £238,000 | £77,904 | £315,904 |
The Postcode Pricing Model uses changes in average sales price within the ME1 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 | 17.341 % | £41,270 | £279,270 |
| 3 Month Average | 26.733 % | £63,625 | £301,625 |
| 6 Month Average | 21.265 % | £50,610 | £288,610 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Jul 2024 | £270,000 | £270,000 | 2 JASPER AVENUE |
| 24 Jun 2024 | £315,000 | £315,000 | 11 JASPER AVENUE |
| 3 May 2024 | £343,000 | £343,000 | 21 DORRIT WAY |
| 26 Mar 2024 | £278,275 | £274,000 | 8 WELLER AVENUE |
| 17 Oct 2023 | £306,972 | £300,000 | 25 CARTON CLOSE |
This house has a floor area of 60 sq meters or 650 sq feet when measured on 17 Aug 2011. Using an estimated price of £315,904 means this house is valued at £5,230 per sq meter (£485 per sq foot).
The average size of a house on WELLER AVENUE is 70 sq meters (758 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Under investigation | On or near Weller Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Carton Close |
| Aug 2024 | Anti-social behaviour | On or near Jasper Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Jasper Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Jasper Avenue |