£553,006
This estimated value is based upon the latest sale price for the house of £445,000 on 14 Dec 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £445,000 | 14 Dec 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 149 sq meters or 1,603 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 December 2018 the House Price Index for MEDWAY was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £445,000 results in an estimated price of approximately £553,006.
| 14 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £445,000 | £108,006 | £553,006 |
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 | 32.104 % | £142,863 | £587,863 |
| 3 Month Average | 19.768 % | £87,968 | £532,968 |
| 6 Month Average | 17.608 % | £78,354 | £523,354 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £142,185 | £140,000 | 31 CHART PLACE |
| 19 Dec 2023 | £144,438 | £140,000 | 35 REGENCY CLOSE |
| 3 Nov 2023 | £361,681 | £352,500 | 5 ELEANOR COURT |
| 13 Oct 2023 | £342,785 | £335,000 | 120 CHART PLACE |
| 31 Aug 2023 | £178,214 | £175,000 | 42 REGENCY CLOSE |
This house has a floor area of 149 sq meters or 1,603 sq feet when measured on 7 Jun 2018. Using an estimated price of £553,006 means this house is valued at £3,711 per sq meter (£344 per sq foot).
The average size of a house on MAIDSTONE ROAD is 122 sq meters (1,314 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Regency Close |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Regency Close |
| Oct 2024 | Anti-social behaviour | On or near Regency Close | |
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Regency Close |
| Sep 2024 | Public order | Investigation complete; no suspect identified | On or near Regency Close |