£180,452
This estimated value is based upon the latest sale price for the house of £145,000 on 11 Jan 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £145,000 | 11 Jan 2019 |
| £41,000 | 25 Aug 2000 |
| Flats/Maisonettes |
| Leasehold |
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 2019 the House Price Index for MEDWAY was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.450%.Applying this 24.450% change to the original purchase price of £145,000 results in an estimated price of approximately £180,452.
| 11 Jan 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.450 % | £145,000 | £35,452 | £180,452 |
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 | 6.572 % | £9,530 | £154,530 |
| 3 Month Average | 16.084 % | £23,321 | £168,321 |
| 6 Month Average | 15.453 % | £22,407 | £167,407 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £124,835 | £122,000 | 91A WAKELEY ROAD |
| 12 Oct 2023 | £306,972 | £300,000 | 17 MARDALE CLOSE |
| 8 Sep 2023 | £143,156 | £140,000 | 52 HEARSALL COURT MARDALE CLOSE |
| 1 Sep 2023 | £117,592 | £115,000 | 51 HEARSALL COURT MARDALE CLOSE |
| 7 Jun 2023 | £290,828 | £285,000 | 60 WAKELEY ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mardale Close |
| May 2024 | Anti-social behaviour | On or near Mardale Close | |
| May 2024 | Anti-social behaviour | On or near Mardale Close | |
| May 2024 | Anti-social behaviour | On or near Mardale Close | |
| Jul 2024 | Other theft | Under investigation | On or near Wakeley Road |