£289,366
This estimated value is based upon the latest sale price for the house of £233,500 on 13 Jul 2018. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £233,500 | 13 Jul 2018 |
| £49,500 | 30 Apr 1999 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 2018 the House Price Index for MEDWAY was 119.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.926%.Applying this 23.926% change to the original purchase price of £233,500 results in an estimated price of approximately £289,366.
| 13 Jul 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 148.6 | 23.926 % | £233,500 | £55,866 | £289,366 |
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 | -28.085 % | £-65,578 | £167,921 |
| 3 Month Average | -2.543 % | £-5,937 | £227,562 |
| 6 Month Average | 16.297 % | £38,053 | £271,553 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £290,075 | £285,000 | 4 SWIFT CRESCENT |
| 25 Aug 2023 | £292,559 | £290,000 | 43 SPITFIRE CLOSE |
| 28 Jul 2023 | £293,956 | £290,000 | 4 HALIFAX CLOSE |
| 17 Nov 2022 | £426,830 | £432,000 | 8 THRUSH CLOSE |
| 29 Jul 2022 | £250,675 | £250,000 | 22 SPITFIRE CLOSE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 31 Mar 2018. Using an estimated price of £289,366 means this house is valued at £3,251 per sq meter (£302 per sq foot).
The average size of a house on SPITFIRE CLOSE is 98 sq meters (1,063 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Spitfire Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Halifax Close |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Defiant Close |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Anson Close |
| Dec 2023 | Anti-social behaviour | On or near Anson Close |