£312,976
This estimated value is based upon the latest sale price for the house of £248,000 on 27 Oct 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £248,000 | 27 Oct 2017 |
| £150,000 | 15 Mar 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 2017 the House Price Index for MEDWAY was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £248,000 results in an estimated price of approximately £312,976.
| 27 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.6 | 26.200 % | £248,000 | £64,976 | £312,976 |
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 | -15.002 % | £-37,205 | £210,794 |
| 3 Month Average | -0.482 % | £-1,196 | £246,803 |
| 6 Month Average | 24.065 % | £59,681 | £307,681 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £329,884 | £325,000 | 1 AMETHYST AVENUE |
| 10 Aug 2023 | £272,383 | £270,000 | 42 VALE DRIVE |
| 31 Jul 2023 | £158,382 | £156,250 | 23 BARBERRY AVENUE |
| 25 Jul 2023 | £375,048 | £370,000 | 49 VALE DRIVE |
| 17 Jul 2023 | £346,666 | £342,000 | 75 VALE DRIVE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 2 Nov 2012. Using an estimated price of £312,976 means this house is valued at £4,229 per sq meter (£392 per sq foot).
The average size of a house on VALE DRIVE is 67 sq meters (726 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hurst Close |
| Mar 2024 | Anti-social behaviour | On or near Hurst Close | |
| Feb 2024 | Public order | Under investigation | On or near Hurst Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Hurst Close |
| Mar 2024 | Anti-social behaviour | On or near Field Close |