£165,969
This estimated value is based upon the latest sale price for the house of £50,000 on 12 Jul 2001. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £50,000 | 12 Jul 2001 |
| Terraced |
| Freehold |
| Floor Area: 25 sq meters or 279 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 July 2001 the House Price Index for MEDWAY was 44.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 231.938%.Applying this 231.938% change to the original purchase price of £50,000 results in an estimated price of approximately £165,969.
| 12 Jul 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 146.7 | 231.938 % | £50,000 | £115,969 | £165,969 |
The Postcode Pricing Model uses changes in average sales price within the ME2 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 | 125.689 % | £62,844 | £112,844 |
| 3 Month Average | 205.641 % | £102,820 | £152,820 |
| 6 Month Average | 230.042 % | £115,021 | £165,021 |
This house has a floor area of 25 sq meters or 279 sq feet when measured on 30 Dec 2009.
The average size of a house on NORTH BANK CLOSE is 60 sq meters (652 sq feet).
This house is the smallest in the street with a floor area of 25 sq meters (279 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near North Bank Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hever Croft |
| Mar 2024 | Drugs | Unable to prosecute suspect | On or near Poplar Close |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Poplar Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Poplar Close |