£196,948
This estimated value is based upon the latest sale price for the house of £116,000 on 31 Oct 2012. This value is then adjusted by the current Official House Price Index for MEDWAY 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £116,000 | 31 Oct 2012 |
| £120,000 | 11 May 2005 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 897 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 October 2012 the House Price Index for MEDWAY was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.783%.Applying this 69.783% change to the original purchase price of £116,000 results in an estimated price of approximately £196,948.
| 31 Oct 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.783 % | £116,000 | £80,948 | £196,948 |
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 | 28.622 % | £33,201 | £149,201 |
| 3 Month Average | 58.128 % | £67,428 | £183,428 |
| 6 Month Average | 91.362 % | £105,980 | £221,980 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £136,748 | £135,000 | FLAT 11 LINDEN HOUSE SILVERWEED ROAD |
| 9 Aug 2023 | £274,401 | £272,000 | 12 BARRINGTON CLOSE |
| 13 Jan 2023 | £238,875 | £240,000 | 20 BARRINGTON CLOSE |
| 29 Apr 2022 | £295,552 | £287,000 | 22 BARRINGTON CLOSE |
| 7 Apr 2022 | £272,897 | £265,000 | 12 MYRTLE CRESCENT |
This house has a floor area of 83 sq meters or 897 sq feet when measured on 30 Sep 2011. Using an estimated price of £196,948 means this house is valued at £2,363 per sq meter (£219 per sq foot).
The average size of a house on GORSE AVENUE is 80 sq meters (867 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Myrtle Crescent |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Myrtle Crescent |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Heather Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Heather Close |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Heather Close |