£353,103
This estimated value is based upon the latest sale price for the house of £220,000 on 13 Dec 2013. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £220,000 | 13 Dec 2013 |
| £95,000 | 18 Jun 1999 |
| 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 2013 the House Price Index for MEDWAY was 92.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.502%.Applying this 60.502% change to the original purchase price of £220,000 results in an estimated price of approximately £353,103.
| 13 Dec 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 148.6 | 60.502 % | £220,000 | £133,103 | £353,103 |
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 | 24.960 % | £54,911 | £274,911 |
| 3 Month Average | 43.718 % | £96,180 | £316,180 |
| 6 Month Average | 75.441 % | £165,970 | £385,970 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £293,956 | £290,000 | 4 HALIFAX CLOSE |
| 14 Mar 2023 | £398,757 | £395,000 | 2 DEFOE CLOSE |
| 5 Aug 2022 | £1,625,624 | £1,630,000 | 221 LORDS WOOD LANE |
| 25 Mar 2022 | £453,883 | £438,000 | 11 SETFORD ROAD |
| 31 Jan 2022 | £264,154 | £251,000 | 12 DEFIANT CLOSE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 25 May 2013. Using an estimated price of £353,104 means this house is valued at £3,428 per sq meter (£318 per sq foot).
The average size of a house on LORDS WOOD LANE is 105 sq meters (1,137 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Action to be taken by another organisation | On or near Allen Close |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Defiant Close |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Hardy Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Defoe Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Halifax Close |