£282,873
This estimated value is based upon the latest sale price for the house of £222,500 on 27 Oct 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £222,500 | 27 Oct 2017 |
| £157,000 | 26 Oct 2007 |
| £146,500 | 22 Jan 2007 |
| £87,000 | 7 Dec 2001 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £222,500 results in an estimated price of approximately £282,873.
| 27 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 149.7 | 27.134 % | £222,500 | £60,373 | £282,873 |
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 | 30.525 % | £67,918 | £290,418 |
| 3 Month Average | 15.535 % | £34,564 | £257,064 |
| 6 Month Average | 17.458 % | £38,843 | £261,343 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £235,000 | £235,000 | 78 MADDEN AVENUE |
| 20 Dec 2023 | £273,401 | £265,000 | 102 MADDEN AVENUE |
| 15 Dec 2023 | £297,130 | £288,000 | 107 MADDEN AVENUE |
| 3 Nov 2023 | £289,909 | £282,550 | 75 MADDEN AVENUE |
| 25 Aug 2023 | £264,775 | £260,000 | 59 MADDEN AVENUE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 4 May 2017. Using an estimated price of £282,874 means this house is valued at £4,351 per sq meter (£404 per sq foot).
The average size of a house on MADDEN AVENUE is 70 sq meters (756 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Hill View Way | |
| May 2024 | Anti-social behaviour | On or near Hill View Way | |
| May 2024 | Anti-social behaviour | On or near Hill View Way | |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Hill View Way |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hook Close |