£454,873
This estimated value is based upon the latest sale price for the house of £345,000 on 30 Jun 2016. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £345,000 | 30 Jun 2016 |
| £219,995 | 23 Oct 2003 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 June 2016 the House Price Index for MEDWAY was 111.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.847%.Applying this 31.847% change to the original purchase price of £345,000 results in an estimated price of approximately £454,873.
| 30 Jun 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 146.7 | 31.847 % | £345,000 | £109,873 | £454,873 |
The Postcode Pricing Model uses changes in average sales price within the ME8 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 | 6.096 % | £21,029 | £366,029 |
| 3 Month Average | 20.917 % | £72,164 | £417,164 |
| 6 Month Average | 28.677 % | £98,936 | £443,936 |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 20 May 2015.
The average size of a house on MELODY CLOSE is 124 sq meters (1,337 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melody Close |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Harty Avenue |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Harty Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rutland Place |
| Feb 2024 | Burglary | Awaiting court outcome | On or near Lime Court |