£508,252
This estimated value is based upon the latest sale price for the house of £350,000 on 26 Jun 2015. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £350,000 | 26 Jun 2015 |
| Detached |
| Freehold |
| Floor Area: 150 sq meters or 1,614 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 2015 the House Price Index for MEDWAY was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £350,000 results in an estimated price of approximately £508,252.
| 26 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £350,000 | £158,252 | £508,252 |
The Postcode Pricing Model uses changes in average sales price within the ME4 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 | 32.422 % | £113,476 | £463,476 |
| 3 Month Average | 24.377 % | £85,319 | £435,319 |
| 6 Month Average | 48.184 % | £168,643 | £518,643 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £358,133 | £355,000 | 17 PILOTS VIEW |
| 10 Jul 2023 | £251,383 | £248,000 | 8 GRIFFIN COURT DAKOTA DRIVE |
| 12 Jun 2023 | £490,947 | £485,000 | 42 ELLIOTTS WAY |
| 3 Apr 2023 | £262,830 | £260,000 | 1 CONDOR HOUSE ELLIOTTS WAY |
| 11 Nov 2022 | £454,495 | £460,000 | 61 ELLIOTTS WAY |
This house has a floor area of 150 sq meters or 1,614 sq feet when measured on 13 Mar 2015. Using an estimated price of £508,252 means this house is valued at £3,388 per sq meter (£314 per sq foot).
The average size of a house on ELLIOTTS WAY is 127 sq meters (1,376 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Dakota Drive | |
| Jan 2024 | Anti-social behaviour | On or near Dakota Drive | |
| Jan 2024 | Anti-social behaviour | On or near Dakota Drive | |
| Mar 2024 | Anti-social behaviour | On or near Pilots View | |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Pilots View |