£327,033
This estimated value is based upon the latest sale price for the house of £253,000 on 7 Apr 2017. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £253,000 | 7 Apr 2017 |
| £155,000 | 18 Oct 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 April 2017 the House Price Index for MEDWAY was 115.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.262%.Applying this 29.262% change to the original purchase price of £253,000 results in an estimated price of approximately £327,033.
| 7 Apr 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 148.6 | 29.262 % | £253,000 | £74,033 | £327,033 |
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 | -2.599 % | £-6,575 | £246,424 |
| 3 Month Average | 1.980 % | £5,010 | £258,010 |
| 6 Month Average | 29.788 % | £75,364 | £328,364 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jun 2023 | £308,740 | £305,000 | 33 BINLAND GROVE |
| 10 Aug 2022 | £463,752 | £465,000 | 21 HIGHVIEW DRIVE |
| 4 Aug 2022 | £334,101 | £335,000 | 26 BINLAND GROVE |
| 1 Jul 2022 | £321,365 | £320,500 | 29 WATSON AVENUE |
| 8 Apr 2022 | £272,897 | £265,000 | 54 BINLAND GROVE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 16 Jun 2014. Using an estimated price of £327,034 means this house is valued at £4,809 per sq meter (£446 per sq foot).
The average size of a house on BINLAND GROVE is 67 sq meters (724 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Maidstone Road |
| Mar 2024 | Violence and sexual offences | Local resolution | On or near Maidstone Road |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Maidstone Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Maidstone Road |
| Mar 2024 | Anti-social behaviour | On or near Maidstone Road |