£508,440
This estimated value is based upon the latest sale price for the house of £417,505 on 7 Dec 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £417,505 | 7 Dec 2018 |
| Detached |
| Freehold |
| Floor Area: 52 sq meters or 559 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 2018 the House Price Index for MEDWAY was 120.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.781%.Applying this 21.781% change to the original purchase price of £417,505 results in an estimated price of approximately £508,440.
| 7 Dec 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 146.7 | 21.781 % | £417,505 | £90,935 | £508,440 |
The Postcode Pricing Model uses changes in average sales price within the ME1 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 | 28.463 % | £118,834 | £536,339 |
| 3 Month Average | 16.528 % | £69,003 | £486,508 |
| 6 Month Average | 14.304 % | £59,719 | £477,224 |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 19 Jul 2018.
The average size of a house on CITY WAY is 118 sq meters (1,272 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (559 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Marconi Way |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Marconi Way |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brimmer Way |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Brimmer Way |
| Mar 2024 | Anti-social behaviour | On or near Horsted Way |