£284,383
This estimated value is based upon the latest sale price for the house of £221,000 on 31 May 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £221,000 | 31 May 2017 |
| £156,000 | 27 Nov 2007 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 May 2017 the House Price Index for MEDWAY was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £221,000 results in an estimated price of approximately £284,383.
| 31 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £221,000 | £63,383 | £284,383 |
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 | -8.093 % | £-17,886 | £203,113 |
| 3 Month Average | 4.400 % | £9,723 | £230,723 |
| 6 Month Average | 25.942 % | £57,330 | £278,330 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £322,824 | £320,000 | 110 CHURCHILL AVENUE |
| 10 Oct 2022 | £197,870 | £200,000 | 22 TIMBER BANK |
| 20 May 2022 | £178,361 | £175,000 | 4 TIMBER BANK |
| 2 Dec 2021 | £251,774 | £235,000 | 6 TIMBER BANK |
| 19 Nov 2021 | £240,096 | £222,000 | 6 HERITAGE ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 19 Aug 2020. Using an estimated price of £284,383 means this house is valued at £3,693 per sq meter (£343 per sq foot).
The average size of a house on SILVERBANK is 58 sq meters (629 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Theft from the person | Unable to prosecute suspect | On or near Silver Bank |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Silver Bank |
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Silver Bank |
| Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Silver Bank |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Silver Bank |