£279,540
This estimated value is based upon the latest sale price for the house of £163,000 on 26 Nov 2010. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £163,000 | 26 Nov 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,264 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 November 2010 the House Price Index for MEDWAY was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.497%.Applying this 71.497% change to the original purchase price of £163,000 results in an estimated price of approximately £279,540.
| 26 Nov 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.497 % | £163,000 | £116,540 | £279,540 |
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 | 37.717 % | £61,479 | £224,479 |
| 3 Month Average | 50.261 % | £81,925 | £244,925 |
| 6 Month Average | 80.862 % | £131,804 | £294,804 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £286,796 | £282,550 | 75 MADDEN AVENUE |
| 18 Sep 2023 | £238,044 | £235,000 | 21 MADDEN AVENUE |
| 25 Aug 2023 | £262,295 | £260,000 | 59 MADDEN AVENUE |
| 29 Jun 2023 | £389,721 | £385,000 | 7 MADDEN AVENUE |
| 24 Feb 2023 | £334,775 | £335,000 | 59 CONCORD AVENUE |
This house has a floor area of 117 sq meters or 1,264 sq feet when measured on 1 May 2010. Using an estimated price of £279,541 means this house is valued at £2,380 per sq meter (£221 per sq foot).
The average size of a house on CONCORD AVENUE is 72 sq meters (775 sq feet).
This house is the largest in the street with a floor area of 117 sq meters (1,264 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Concord Avenue |
| Jan 2024 | Drugs | Investigation complete; no suspect identified | On or near Barberry Avenue |
| Mar 2024 | Anti-social behaviour | On or near Field Close | |
| Feb 2024 | Anti-social behaviour | On or near Field Close | |
| Feb 2024 | Anti-social behaviour | On or near Field Close |