£522,127
This estimated value is based upon the latest sale price for the house of £269,000 on 27 Aug 2004. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £269,000 | 27 Aug 2004 |
| £135,000 | 15 Oct 1999 |
| Detached |
| Freehold |
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 2004 the House Price Index for MEDWAY was 77.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 94.099%.Applying this 94.099% change to the original purchase price of £269,000 results in an estimated price of approximately £522,127.
| 27 Aug 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 149.7 | 94.099 % | £269,000 | £253,127 | £522,127 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 112.638 % | £302,997 | £571,997 |
| 3 Month Average | 94.946 % | £255,405 | £524,405 |
| 6 Month Average | 102.664 % | £276,165 | £545,165 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £359,116 | £350,000 | 7 DREWERY DRIVE |
| 24 Oct 2023 | £450,226 | £440,000 | 40 EDWARDS CLOSE |
| 30 Jun 2023 | £742,377 | £727,500 | 66 BREDHURST ROAD |
| 14 Feb 2023 | £417,791 | £415,000 | 5 EDWARDS CLOSE |
| 10 Jun 2022 | £485,375 | £475,000 | 20 TANGLEWOOD CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tanglewood Close |