£249,261
This estimated value is based upon the latest sale price for the house of £215,000 on 2 Nov 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £215,000 | 2 Nov 2020 |
| £120,000 | 9 Apr 2009 |
| £108,500 | 24 Jan 2003 |
| £69,995 | 26 Oct 2001 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 November 2020 the House Price Index for MEDWAY was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £215,000 results in an estimated price of approximately £249,261.
| 2 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £215,000 | £34,261 | £249,261 |
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 | -19.849 % | £-42,675 | £172,324 |
| 3 Month Average | -8.053 % | £-17,313 | £197,686 |
| 6 Month Average | 10.482 % | £22,536 | £237,536 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £332,912 | £330,000 | 37 DOWNSVIEW |
| 7 Jul 2023 | £228,070 | £225,000 | 7 BERKSHIRE CLOSE |
| 29 Jun 2023 | £136,655 | £135,000 | 11 SOMERSET CLOSE |
| 14 Feb 2023 | £6,413,886 | £6,418,202 | 96 HOPEWELL DRIVE |
| 16 Feb 2022 | £286,294 | £273,000 | 31 WILTSHIRE CLOSE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 17 Aug 2020. Using an estimated price of £249,261 means this house is valued at £2,769 per sq meter (£257 per sq foot).
The average size of a house on SOMERSET CLOSE is 94 sq meters (1,016 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Somerset Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Somerset Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Somerset Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Somerset Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Somerset Close |