£220,704
This estimated value is based upon the latest sale price for the house of £95,000 on 28 Jul 2003. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £95,000 | 28 Jul 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 2003 the House Price Index for MEDWAY was 64.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 132.320%.Applying this 132.320% change to the original purchase price of £95,000 results in an estimated price of approximately £220,704.
| 28 Jul 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 148.6 | 132.320 % | £95,000 | £125,704 | £220,704 |
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 | 76.443 % | £72,621 | £167,621 |
| 3 Month Average | 96.513 % | £91,687 | £186,687 |
| 6 Month Average | 140.774 % | £133,735 | £228,735 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £289,704 | £286,000 | 70 CRESTWAY |
| 1 Sep 2023 | £374,792 | £370,000 | 7 BRIER CLOSE |
| 18 Aug 2023 | £216,897 | £215,000 | 16 ROWAN LEA |
| 20 Jun 2023 | £270,274 | £267,000 | 57 CRESTWAY |
| 28 Apr 2023 | £272,939 | £270,000 | 46 ROWAN LEA |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 2 Oct 2017. Using an estimated price of £220,704 means this house is valued at £3,678 per sq meter (£341 per sq foot).
The average size of a house on CRESTWAY is 76 sq meters (822 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Crestway | |
| Mar 2024 | Anti-social behaviour | On or near Crestway | |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Crestway |
| Mar 2024 | Anti-social behaviour | On or near Crestway | |
| Feb 2024 | Anti-social behaviour | On or near Crestway |