£307,702
This estimated value is based upon the latest sale price for the house of £262,500 on 21 Sep 2020. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £262,500 | 21 Sep 2020 |
| £200,000 | 18 Apr 2017 |
| 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 September 2020 the House Price Index for MEDWAY was 125.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 17.220%.Applying this 17.220% change to the original purchase price of £262,500 results in an estimated price of approximately £307,702.
| 21 Sep 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 146.7 | 17.220 % | £262,500 | £45,202 | £307,702 |
The Postcode Pricing Model uses changes in average sales price within the ME7 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 | 12.330 % | £32,365 | £294,865 |
| 3 Month Average | 5.215 % | £13,688 | £276,188 |
| 6 Month Average | 16.712 % | £43,870 | £306,370 |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 1 Nov 2016.
The average size of a house on THE RIDGEWAY is 88 sq meters (951 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Unable to prosecute suspect | On or near The Ridgeway |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Stanley Road |
| Mar 2024 | Anti-social behaviour | On or near Stanley Road | |
| Mar 2024 | Anti-social behaviour | On or near Stanley Road | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stanley Road |