£302,986
This estimated value is based upon the latest sale price for the house of £245,000 on 5 Apr 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £245,000 | 5 Apr 2019 |
| £157,000 | 16 Mar 2015 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 April 2019 the House Price Index for MEDWAY was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.668%.Applying this 23.668% change to the original purchase price of £245,000 results in an estimated price of approximately £302,986.
| 5 Apr 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.668 % | £245,000 | £57,986 | £302,986 |
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 | -12.009 % | £-29,422 | £215,577 |
| 3 Month Average | 3.028 % | £7,417 | £252,417 |
| 6 Month Average | 23.856 % | £58,445 | £303,445 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2023 | £274,401 | £272,000 | 12 BARRINGTON CLOSE |
| 15 Jun 2023 | £242,943 | £240,000 | 186 WALDERSLADE ROAD |
| 13 Jan 2023 | £238,875 | £240,000 | 20 BARRINGTON CLOSE |
| 20 Jul 2022 | £340,918 | £340,000 | 198 WALDERSLADE ROAD |
| 29 Apr 2022 | £295,552 | £287,000 | 22 BARRINGTON CLOSE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 16 Feb 2015. Using an estimated price of £302,986 means this house is valued at £3,564 per sq meter (£331 per sq foot).
The average size of a house on GORSE AVENUE is 80 sq meters (867 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Heather Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Heather Close |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Heather Close |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Heather Close |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Heather Close |