£427,427
This estimated value is based upon the latest sale price for the house of £340,000 on 14 Dec 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £340,000 | 14 Dec 2017 |
| £210,000 | 15 Oct 2004 |
| £115,000 | 3 Mar 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 December 2017 the House Price Index for MEDWAY was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £340,000 results in an estimated price of approximately £427,427.
| 14 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £340,000 | £87,427 | £427,427 |
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 | -15.267 % | £-51,907 | £288,092 |
| 3 Month Average | -3.202 % | £-10,888 | £329,111 |
| 6 Month Average | 21.797 % | £74,111 | £414,111 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jan 2023 | £274,706 | £276,000 | 15 MEAD GREEN |
| 16 Jan 2023 | £296,105 | £297,500 | 2 NORFOLK CLOSE |
| 17 Jun 2022 | £314,444 | £310,000 | 115 BALLENS ROAD |
| 5 Apr 2022 | £329,536 | £320,000 | 80 BALLENS ROAD |
| 17 Dec 2021 | £291,415 | £272,000 | 10 MEAD GREEN |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 21 Jun 2017. Using an estimated price of £427,428 means this house is valued at £4,149 per sq meter (£385 per sq foot).
The average size of a house on BALLENS ROAD is 88 sq meters (956 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hatton Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Hatton Road |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Ashmead Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Norfolk Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Norfolk Close |