£295,335
This estimated value is based upon the latest sale price for the house of £240,000 on 16 Aug 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £240,000 | 16 Aug 2019 |
| £92,500 | 31 Jul 2002 |
| Terraced |
| Freehold |
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 August 2019 the House Price Index for MEDWAY was 120.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.056%.Applying this 23.056% change to the original purchase price of £240,000 results in an estimated price of approximately £295,335.
| 16 Aug 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.6 | 23.056 % | £240,000 | £55,335 | £295,335 |
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 | -15.831 % | £-37,995 | £202,004 |
| 3 Month Average | -1.035 % | £-2,483 | £237,516 |
| 6 Month Average | 22.712 % | £54,508 | £294,508 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £269,719 | £265,000 | 14 MAYWEED AVENUE |
| 31 Aug 2023 | £221,942 | £220,000 | 1 HONEYSUCKLE CLOSE |
| 11 Mar 2022 | £230,050 | £222,000 | 9 SEDGE CRESCENT |
| 11 Feb 2022 | £230,713 | £220,000 | 16 HONEYSUCKLE CLOSE |
| 10 Dec 2021 | £241,060 | £225,000 | 47 MAYWEED AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Sedge Crescent | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Sedge Crescent |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Sedge Crescent |
| Mar 2024 | Vehicle crime | Under investigation | On or near Mayweed Avenue |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mayweed Avenue |