£644,714
This estimated value is based upon the latest sale price for the house of £513,700 on 22 Jan 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £513,700 | 22 Jan 2018 |
| £231,000 | 16 Feb 2015 |
| £275,000 | 20 Dec 2006 |
| £130,000 | 25 Jun 1999 |
| Detached |
| Freehold |
| Floor Area: 156 sq meters or 1,679 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 January 2018 the House Price Index for MEDWAY was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £513,700 results in an estimated price of approximately £644,714.
| 22 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £513,700 | £131,014 | £644,714 |
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 | -11.786 % | £-60,542 | £453,157 |
| 3 Month Average | 1.456 % | £7,479 | £521,179 |
| 6 Month Average | 22.024 % | £113,135 | £626,835 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jul 2023 | £380,116 | £375,000 | 82 ROBIN HOOD LANE |
| 22 Mar 2023 | £388,662 | £385,000 | 17 FOREST DRIVE |
| 9 Feb 2023 | £629,576 | £630,000 | 79 ROBIN HOOD LANE |
| 23 May 2022 | £428,066 | £420,000 | 17 POLHILL DRIVE |
| 11 Mar 2022 | £383,417 | £370,000 | 16 LONGHURST DRIVE |
This house has a floor area of 156 sq meters or 1,679 sq feet when measured on 17 Feb 2016. Using an estimated price of £644,714 means this house is valued at £4,132 per sq meter (£383 per sq foot).
The average size of a house on ROBIN HOOD LANE is 129 sq meters (1,394 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Olliffe Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Friars Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Forest Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bolner Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Foresters Close |