£100,739
This estimated value is based upon the latest sale price for the house of £64,000 on 13 Mar 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £64,000 | 13 Mar 2014 |
| £80,000 | 13 Jul 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 2014 the House Price Index for MEDWAY was 94.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.406%.Applying this 57.406% change to the original purchase price of £64,000 results in an estimated price of approximately £100,739.
| 13 Mar 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 148.6 | 57.406 % | £64,000 | £36,739 | £100,739 |
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 | 33.642 % | £21,530 | £85,530 |
| 3 Month Average | 48.241 % | £30,874 | £94,874 |
| 6 Month Average | 78.094 % | £49,980 | £113,980 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £144,020 | £141,500 | 45 GLENWOOD CLOSE |
| 11 Dec 2023 | £86,514 | £85,000 | FLAT 42 KINGSDALE COURT HOPEWELL DRIVE |
| 21 Jul 2023 | £75,516 | £74,500 | FLAT 34 KINGSDALE COURT HOPEWELL DRIVE |
| 8 Jun 2023 | £136,655 | £135,000 | 18 GLENWOOD CLOSE |
| 25 Apr 2023 | £202,177 | £200,000 | 79 SETTINGTON AVENUE |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 5 Oct 2012. Using an estimated price of £100,740 means this house is valued at £2,014 per sq meter (£187 per sq foot).
The average size of a house on HOPEWELL DRIVE is 59 sq meters (641 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Capstone Road |
| Jan 2024 | Anti-social behaviour | On or near Capstone Road | |
| Jan 2024 | Anti-social behaviour | On or near Capstone Road | |
| Jan 2024 | Anti-social behaviour | On or near Capstone Road | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Glenwood Close |