£221,577
This estimated value is based upon the latest sale price for the house of £106,000 on 31 Mar 2004. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £106,000 | 31 Mar 2004 |
| £105,000 | 27 Feb 2004 |
| £42,500 | 24 Mar 1995 |
| Terraced |
| Freehold |
| Floor Area: 49 sq meters or 527 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 March 2004 the House Price Index for MEDWAY was 71.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 109.035%.Applying this 109.035% change to the original purchase price of £106,000 results in an estimated price of approximately £221,577.
| 31 Mar 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 71.1 | 148.6 | 109.035 % | £106,000 | £115,577 | £221,577 |
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 | 59.081 % | £62,625 | £168,625 |
| 3 Month Average | 84.630 % | £89,708 | £195,708 |
| 6 Month Average | 126.662 % | £134,261 | £240,261 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2023 | £262,830 | £260,000 | 37 FLAMINGO CLOSE |
| 20 Jan 2023 | £298,593 | £300,000 | 22 WEDGEWOOD DRIVE |
| 6 Jan 2023 | £298,593 | £300,000 | 215 CHURCHILL AVENUE |
| 1 Sep 2022 | £262,877 | £265,000 | 7 CHAFFINCH CLOSE |
| 27 Apr 2022 | £348,072 | £338,000 | 177 CHURCHILL AVENUE |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 24 Jun 2014. Using an estimated price of £221,577 means this house is valued at £4,521 per sq meter (£420 per sq foot).
The average size of a house on WEDGEWOOD DRIVE is 58 sq meters (630 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Chaffinch Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Chaffinch Close |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Churchill Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Bader Crescent |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Heritage Road |