£228,260
This estimated value is based upon the latest sale price for the house of £150,000 on 18 Jul 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £150,000 | 18 Jul 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 July 2014 the House Price Index for MEDWAY was 97.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 52.174%.Applying this 52.174% change to the original purchase price of £150,000 results in an estimated price of approximately £228,260.
| 18 Jul 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 148.0 | 52.174 % | £150,000 | £78,260 | £228,260 |
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 | 126.334 % | £189,500 | £339,500 |
| 3 Month Average | 44.222 % | £66,332 | £216,332 |
| 6 Month Average | 73.394 % | £110,090 | £260,090 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £227,149 | £225,000 | 7 BERKSHIRE CLOSE |
| 29 Jun 2023 | £136,104 | £135,000 | 11 SOMERSET CLOSE |
| 14 Feb 2023 | £6,387,989 | £6,418,202 | 96 HOPEWELL DRIVE |
| 16 Feb 2022 | £285,138 | £273,000 | 31 WILTSHIRE CLOSE |
| 12 Nov 2021 | £281,135 | £261,000 | 17 HAMPSHIRE CLOSE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 22 Nov 2013. Using an estimated price of £228,260 means this house is valued at £2,508 per sq meter (£233 per sq foot).
The average size of a house on SOMERSET CLOSE is 94 sq meters (1,016 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Somerset Close |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Somerset Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Somerset Close |
| Apr 2024 | Public order | Under investigation | On or near Wiltshire Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wiltshire Close |