£481,901
This estimated value is based upon the latest sale price for the house of £365,500 on 29 Jun 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £365,500 | 29 Jun 2016 |
| Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 June 2016 the House Price Index for MEDWAY was 111.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.847%.Applying this 31.847% change to the original purchase price of £365,500 results in an estimated price of approximately £481,901.
| 29 Jun 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 146.7 | 31.847 % | £365,500 | £116,401 | £481,901 |
The Postcode Pricing Model uses changes in average sales price within the ME1 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 | 25.397 % | £92,826 | £458,326 |
| 3 Month Average | 17.542 % | £64,117 | £429,617 |
| 6 Month Average | 29.626 % | £108,282 | £473,782 |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 10 Feb 2016.
The average size of a house on PATTENS LANE is 126 sq meters (1,356 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Beresford Avenue |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Beresford Avenue |
| Feb 2024 | Other crime | Under investigation | On or near Brenchley Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Brenchley Close |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Pattens Gardens |