£348,762
This estimated value is based upon the latest sale price for the house of £284,000 on 26 Jun 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £284,000 | 26 Jun 2018 |
| £205,000 | 24 May 2007 |
| 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 June 2018 the House Price Index for MEDWAY was 119.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.804%.Applying this 22.804% change to the original purchase price of £284,000 results in an estimated price of approximately £348,762.
| 26 Jun 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 146.7 | 22.804 % | £284,000 | £64,762 | £348,762 |
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 | -14.743 % | £-41,868 | £242,131 |
| 3 Month Average | 1.889 % | £5,364 | £289,364 |
| 6 Month Average | 21.805 % | £61,926 | £345,926 |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 25 Oct 2017.
The average size of a house on MERTON CLOSE is 103 sq meters (1,109 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Merton Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Merton Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Redbridge Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Redbridge Close |
| Dec 2023 | Other crime | Unable to prosecute suspect | On or near Redbridge Close |