£395,836
This estimated value is based upon the latest sale price for the house of £275,000 on 21 Jul 2015. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £275,000 | 21 Jul 2015 |
| £190,000 | 21 Sep 2012 |
| £183,000 | 31 May 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 July 2015 the House Price Index for MEDWAY was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £275,000 results in an estimated price of approximately £395,836.
| 21 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £275,000 | £120,836 | £395,836 |
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 | 17.362 % | £47,745 | £322,745 |
| 3 Month Average | 25.765 % | £70,852 | £345,852 |
| 6 Month Average | 54.178 % | £148,990 | £423,990 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £456,762 | £450,000 | 28B CHESTNUT AVENUE |
| 4 Aug 2023 | £393,442 | £390,000 | 17 RUGBY CLOSE |
| 28 Apr 2023 | £379,082 | £375,000 | 7 PRINCES AVENUE |
| 7 Mar 2023 | £307,901 | £305,000 | 5 PRINCES AVENUE |
| 4 Jan 2023 | £348,359 | £350,000 | 8 OAKHURST CLOSE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 30 Mar 2015. Using an estimated price of £395,837 means this house is valued at £3,919 per sq meter (£364 per sq foot).
The average size of a house on CHESTNUT AVENUE is 106 sq meters (1,149 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Manor Gardens |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oakhurst Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oakhurst Close |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Rugby Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Winchester Avenue |