£568,988
This estimated value is based upon the latest sale price for the house of £425,540 on 15 Apr 2016. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £425,540 | 15 Apr 2016 |
| £247,000 | 27 May 2002 |
| Detached |
| Freehold |
| Floor Area: 142 sq meters or 1,528 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in April 2016 the House Price Index for KENT was 109.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 33.710%.Applying this 33.710% change to the original purchase price of £425,540 results in an estimated price of approximately £568,988.
| 15 Apr 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 146.7 | 33.710 % | £425,540 | £143,448 | £568,988 |
The Postcode Pricing Model uses changes in average sales price within the ME16 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 | 18.108 % | £77,054 | £502,594 |
| 3 Month Average | 39.646 % | £168,711 | £594,251 |
| 6 Month Average | 21.485 % | £91,426 | £516,966 |
This house has a floor area of 142 sq meters or 1,528 sq feet when measured on 15 May 2015.
The average size of a house on HERMITAGE LANE is 130 sq meters (1,409 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near B2246 |
| Nov 2023 | Other theft | Investigation complete; no suspect identified | On or near Chapelfield Way |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chestnut Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chestnut Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Chestnut Road |