£514,201
This estimated value is based upon the latest sale price for the house of £195,000 on 7 Oct 2002. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £195,000 | 7 Oct 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,200 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 October 2002 the House Price Index for MEDWAY was 56.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 163.693%.Applying this 163.693% change to the original purchase price of £195,000 results in an estimated price of approximately £514,201.
| 7 Oct 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 56.4 | 148.6 | 163.693 % | £195,000 | £319,201 | £514,201 |
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 | 102.211 % | £199,310 | £394,310 |
| 3 Month Average | 122.582 % | £239,034 | £434,034 |
| 6 Month Average | 180.629 % | £352,226 | £547,226 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Feb 2023 | £224,849 | £225,000 | 116 RAINHAM ROAD |
| 2 Feb 2023 | £184,876 | £185,000 | 11 WARD VIEW |
| 27 Jan 2023 | £383,195 | £385,000 | 52 WARD VIEW |
| 9 May 2022 | £157,977 | £155,000 | 6 WARD VIEW |
| 29 Apr 2022 | £370,728 | £360,000 | 46 WARD VIEW |
This house has a floor area of 111 sq meters or 1,200 sq feet when measured on 14 Oct 2010. Using an estimated price of £514,201 means this house is valued at £4,611 per sq meter (£428 per sq foot).
The average size of a house on CORRAL CLOSE is 135 sq meters (1,458 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Public order | Awaiting court outcome | On or near Ash Tree Lane |
| Mar 2024 | Drugs | Investigation complete; no suspect identified | On or near Watling Avenue |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Watling Avenue |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Watling Avenue |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Watling Avenue |