£292,279
This estimated value is based upon the latest sale price for the house of £125,000 on 16 May 2003. This value is then adjusted by the current Official House Price Index for MEDWAY 1
There has been one burglary within the last year on or near Cranbrook Close
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| Price Paid | Date |
|---|---|
| £125,000 | 16 May 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 May 2003 the House Price Index for MEDWAY was 62.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 133.823%.Applying this 133.823% change to the original purchase price of £125,000 results in an estimated price of approximately £292,279.
| 16 May 2003 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.7 | 146.7 | 133.823 % | £125,000 | £167,279 | £292,279 |
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 | 108.202 % | £135,252 | £260,252 |
| 3 Month Average | 133.160 % | £166,449 | £291,449 |
| 6 Month Average | 138.438 % | £173,047 | £298,047 |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 1 Dec 2017.
The average size of a house on BEECHINGS WAY is 82 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Cranbrook Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Beechings Way |
| Dec 2023 | Burglary | Awaiting court outcome | On or near Wingham Close |