£276,847
This estimated value is based upon the latest sale price for the house of £236,000 on 16 Oct 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £236,000 | 16 Oct 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 2020 the House Price Index for MEDWAY was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £236,000 results in an estimated price of approximately £276,847.
| 16 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £236,000 | £40,847 | £276,847 |
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 | -15.876 % | £-37,468 | £198,531 |
| 3 Month Average | -9.288 % | £-21,918 | £214,081 |
| 6 Month Average | 11.514 % | £27,172 | £263,172 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £340,966 | £335,000 | 10 GREENWAY |
| 15 Jun 2023 | £293,556 | £290,000 | 3 GREENWAY |
| 30 Mar 2023 | £176,664 | £175,000 | 26 VALE DRIVE |
| 17 Feb 2023 | £189,872 | £190,000 | 28 VALE DRIVE |
| 23 Sep 2022 | £307,517 | £310,000 | 7 GREENWAY |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 29 Oct 2015. Using an estimated price of £276,848 means this house is valued at £3,899 per sq meter (£362 per sq foot).
The average size of a house on GREENWAY is 77 sq meters (838 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Greenway | |
| Feb 2024 | Anti-social behaviour | On or near Greenway | |
| Mar 2024 | Drugs | Under investigation | On or near Shirley Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Shirley Avenue |
| Mar 2024 | Shoplifting | Under investigation | On or near Highview Drive |