£397,530
This estimated value is based upon the latest sale price for the house of £315,000 on 20 Oct 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £315,000 | 20 Oct 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £315,000 results in an estimated price of approximately £397,530.
| 20 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.6 | 26.200 % | £315,000 | £82,530 | £397,530 |
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 | -15.002 % | £-47,256 | £267,743 |
| 3 Month Average | -0.482 % | £-1,519 | £313,480 |
| 6 Month Average | 24.065 % | £75,804 | £390,804 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Sep 2023 | £303,885 | £300,000 | 19 COPPERTREE WALK |
| 11 Aug 2023 | £297,351 | £294,750 | 29 COPPERTREE WALK |
| 17 Jul 2023 | £304,093 | £300,000 | 16 CROFT CLOSE |
| 1 Jun 2023 | £318,862 | £315,000 | 23 COPPERTREE WALK |
| 1 Aug 2022 | £294,208 | £295,000 | 20 BOWER GREEN |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 22 Jun 2017. Using an estimated price of £397,530 means this house is valued at £5,445 per sq meter (£505 per sq foot).
The average size of a house on CROFT CLOSE is 94 sq meters (1,011 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Brindle Way |