£225,308
This estimated value is based upon the latest sale price for the house of £133,000 on 7 Jul 2010. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £133,000 | 7 Jul 2010 |
| £130,000 | 19 May 2006 |
| Terraced |
| Freehold |
| Floor Area: 49 sq meters or 537 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 July 2010 the House Price Index for MEDWAY was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.405%.Applying this 69.405% change to the original purchase price of £133,000 results in an estimated price of approximately £225,308.
| 7 Jul 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 148.6 | 69.405 % | £133,000 | £92,308 | £225,308 |
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 | 37.082 % | £49,318 | £182,318 |
| 3 Month Average | 45.046 % | £59,910 | £192,910 |
| 6 Month Average | 82.653 % | £109,928 | £242,928 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £305,342 | £300,000 | 18 COLCHESTER CLOSE |
| 13 Sep 2023 | £343,391 | £339,000 | 53 ARNHEM DRIVE |
| 31 Aug 2023 | £319,798 | £317,000 | 10 ARNHEM DRIVE |
| 11 Aug 2023 | £317,780 | £315,000 | 6 ALAMEIN AVENUE |
| 19 Jul 2023 | £253,411 | £250,000 | 15 COLCHESTER CLOSE |
This house has a floor area of 49 sq meters or 537 sq feet when measured on 11 Apr 2010. Using an estimated price of £225,309 means this house is valued at £4,514 per sq meter (£419 per sq foot).
There is one other house on the street which we know the size of, this is 12 ARNHEM DRIVE it is 90.22
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Arnhem Drive |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Arnhem Drive |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Arnhem Drive |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Arnhem Drive |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Arnhem Drive |