£360,333
This estimated value is based upon the latest sale price for the house of £365,000 on 17 Feb 2023. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £365,000 | 17 Feb 2023 |
| £285,000 | 3 Nov 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 February 2023 the House Price Index for MEDWAY was 148.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.279%.Applying this -1.279% change to the original purchase price of £365,000 results in an estimated price of approximately £360,333.
| 17 Feb 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.6 | 146.7 | -1.279 % | £365,000 | £-4,666 | £360,333 |
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 | -45.804 % | £-167,184 | £197,815 |
| 3 Month Average | -13.614 % | £-49,691 | £315,308 |
| 6 Month Average | -9.825 % | £-35,862 | £329,137 |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 1 Jun 2016.
The average size of a house on GRASMERE GROVE is 96 sq meters (1,040 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grasmere Grove |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grasmere Grove |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grasmere Grove |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sholden Road |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Larkin Close |