£553,284
This estimated value is based upon the latest sale price for the house of £530,000 on 22 Mar 2022. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £530,000 | 22 Mar 2022 |
| £140,000 | 29 Jun 1998 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 March 2022 the House Price Index for MEDWAY was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £530,000 results in an estimated price of approximately £553,284.
| 22 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £530,000 | £23,284 | £553,284 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | -19.072 % | £-101,082 | £428,917 |
| 3 Month Average | -8.545 % | £-45,290 | £484,709 |
| 6 Month Average | -3.972 % | £-21,053 | £508,946 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £526,168 | £510,000 | 39 HUNTERS WAY WEST |
| 10 Nov 2023 | £415,548 | £405,000 | 27 HUNTERS WAY |
| 25 Aug 2023 | £341,153 | £335,000 | 43 ALLISON AVENUE |
| 9 Jun 2023 | £372,464 | £365,000 | 2 NORE CLOSE |
| 24 Mar 2023 | £442,388 | £435,000 | 19 ROWLAND AVENUE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 10 Aug 2021. Using an estimated price of £553,285 means this house is valued at £4,940 per sq meter (£458 per sq foot).
The average size of a house on PRESTON AVENUE is 133 sq meters (1,438 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Preston Avenue |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Preston Avenue |
| May 2024 | Anti-social behaviour | On or near Allison Avenue | |
| May 2024 | Anti-social behaviour | On or near Allison Avenue | |
| May 2024 | Anti-social behaviour | On or near Allison Avenue |