£480,266
This estimated value is based upon the latest sale price for the house of £322,000 on 17 Dec 2014. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £322,000 | 17 Dec 2014 |
| £165,000 | 9 Apr 2001 |
| Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 December 2014 the House Price Index for MEDWAY was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £322,000 results in an estimated price of approximately £480,266.
| 17 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 148.6 | 49.151 % | £322,000 | £158,266 | £480,266 |
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 | 18.335 % | £59,038 | £381,038 |
| 3 Month Average | 33.973 % | £109,392 | £431,392 |
| 6 Month Average | 64.007 % | £206,103 | £528,103 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £685,143 | £675,000 | 155 CHESTNUT AVENUE |
| 21 Jul 2023 | £478,439 | £472,000 | 5 MARSTON WALK |
| 14 Apr 2023 | £318,429 | £315,000 | 239 KING GEORGE ROAD |
| 10 Mar 2023 | £241,598 | £239,322 | 3 KIT HILL AVENUE |
| 3 Mar 2023 | £124,170 | £123,000 | 51 MARSTON CLOSE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 23 Apr 2014. Using an estimated price of £480,267 means this house is valued at £4,662 per sq meter (£433 per sq foot).
The average size of a house on MARSTON CLOSE is 92 sq meters (1,000 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Marston Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Marston Close |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Marston Close |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Marston Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kit Hill Avenue |