£254,245
This estimated value is based upon the latest sale price for the house of £120,000 on 11 Feb 2004. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £120,000 | 11 Feb 2004 |
| £100,000 | 19 Dec 2003 |
| £95,000 | 10 Jan 2003 |
| £63,000 | 30 Nov 2000 |
| Terraced |
| Freehold |
| Floor Area: 53 sq meters or 574 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in February 2004 the House Price Index for KENT was 70.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 111.871%.Applying this 111.871% change to the original purchase price of £120,000 results in an estimated price of approximately £254,245.
| 11 Feb 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 148.6 | 111.871 % | £120,000 | £134,245 | £254,245 |
The Postcode Pricing Model uses changes in average sales price within the TN28 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 | 27.187 % | £32,624 | £152,624 |
| 3 Month Average | 91.589 % | £109,907 | £229,907 |
| 6 Month Average | 108.473 % | £130,167 | £250,167 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £243,274 | £240,000 | 12 WELLS CLOSE |
| 19 Jul 2023 | £122,651 | £121,000 | FLAT 9 BANK HOUSE MOUNTFIELD ROAD |
| 28 Apr 2023 | £232,503 | £230,000 | 10 THE MEADOWS |
| 7 Feb 2023 | £229,845 | £230,000 | 14 WELLS CLOSE |
| 30 Jan 2023 | £264,753 | £266,000 | 5 MOUNTFIELD ROAD |
This house has a floor area of 53 sq meters or 574 sq feet when measured on 10 Sep 2009. Using an estimated price of £254,245 means this house is valued at £4,761 per sq meter (£442 per sq foot).
The average size of a house on WELLS CLOSE is 62 sq meters (672 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wells Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Greenly Way |
| Feb 2024 | Anti-social behaviour | On or near Imbert Close | |
| Feb 2024 | Anti-social behaviour | On or near Imbert Close | |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Station Approach |