£241,458
This estimated value is based upon the latest sale price for the house of £194,000 on 7 Jun 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £194,000 | 7 Jun 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 66 sq meters or 710 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 June 2019 the House Price Index for MEDWAY was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £194,000 results in an estimated price of approximately £241,458.
| 7 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.463 % | £194,000 | £47,458 | £241,458 |
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 | 28.555 % | £55,397 | £249,397 |
| 3 Month Average | 25.884 % | £50,215 | £244,215 |
| 6 Month Average | 22.662 % | £43,964 | £237,964 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £289,909 | £282,550 | 75 MADDEN AVENUE |
| 18 Sep 2023 | £240,297 | £235,000 | 21 MADDEN AVENUE |
| 25 Aug 2023 | £264,775 | £260,000 | 59 MADDEN AVENUE |
| 29 Jun 2023 | £392,873 | £385,000 | 7 MADDEN AVENUE |
| 24 Feb 2023 | £337,253 | £335,000 | 59 CONCORD AVENUE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 21 Feb 2019. Using an estimated price of £241,459 means this house is valued at £3,658 per sq meter (£339 per sq foot).
The average size of a house on MADDEN AVENUE is 70 sq meters (756 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Barberry Avenue |
| Aug 2024 | Drugs | Investigation complete; no suspect identified | On or near Barberry Avenue |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Concord Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Crossway |
| Aug 2024 | Other theft | Unable to prosecute suspect | On or near Hook Close |