£298,771
This estimated value is based upon the latest sale price for the house of £245,000 on 14 Feb 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £245,000 | 14 Feb 2019 |
| £200,000 | 21 Dec 2012 |
| Flats/Maisonettes |
| Leasehold |
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 February 2019 the House Price Index for MEDWAY was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.947%.Applying this 21.947% change to the original purchase price of £245,000 results in an estimated price of approximately £298,771.
| 14 Feb 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.947 % | £245,000 | £53,771 | £298,771 |
The Postcode Pricing Model uses changes in average sales price within the ME4 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 | -17.056 % | £-41,786 | £203,213 |
| 3 Month Average | -7.043 % | £-17,255 | £227,744 |
| 6 Month Average | 14.233 % | £34,871 | £279,871 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Under investigation | On or near Westview |
| Feb 2024 | Anti-social behaviour | On or near The Shoreway | |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Main Street |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Little Victory Mount |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Little Victory Mount |