£217,697
This estimated value is based upon the latest sale price for the house of £125,000 on 11 Oct 2011. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £125,000 | 11 Oct 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 63 sq meters or 686 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 October 2011 the House Price Index for MEDWAY was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.158%.Applying this 74.158% change to the original purchase price of £125,000 results in an estimated price of approximately £217,697.
| 11 Oct 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.158 % | £125,000 | £92,697 | £217,697 |
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 | 119.390 % | £149,237 | £274,237 |
| 3 Month Average | 104.160 % | £130,199 | £255,199 |
| 6 Month Average | 97.586 % | £121,981 | £246,981 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £235,000 | £235,000 | 78 MADDEN AVENUE |
| 15 Dec 2023 | £297,130 | £288,000 | 107 MADDEN AVENUE |
| 3 Nov 2023 | £289,909 | £282,550 | 75 MADDEN AVENUE |
| 15 Sep 2023 | £286,311 | £280,000 | 64 BARBERRY AVENUE |
| 25 Aug 2023 | £264,775 | £260,000 | 59 MADDEN AVENUE |
This house has a floor area of 63 sq meters or 686 sq feet when measured on 23 Sep 2011. Using an estimated price of £217,698 means this house is valued at £3,411 per sq meter (£316 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 | Under investigation | On or near Crossway |
| Sep 2024 | Anti-social behaviour | On or near Field Close | |
| Sep 2024 | Anti-social behaviour | On or near Field Close |