£220,623
This estimated value is based upon the latest sale price for the house of £120,000 on 20 Jul 2005. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £120,000 | 20 Jul 2005 |
| Terraced |
| Freehold |
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 2005 the House Price Index for MEDWAY was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.853%.Applying this 83.853% change to the original purchase price of £120,000 results in an estimated price of approximately £220,623.
| 20 Jul 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 83.853 % | £120,000 | £100,623 | £220,623 |
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 | 33.779 % | £40,534 | £160,534 |
| 3 Month Average | 55.846 % | £67,014 | £187,014 |
| 6 Month Average | 97.939 % | £117,526 | £237,526 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £212,720 | £210,000 | 23 RALEIGH CLOSE |
| 18 Aug 2023 | £196,721 | £195,000 | 24 RALEIGH CLOSE |
| 6 Jul 2023 | £273,683 | £270,000 | 34 MONARCH CLOSE |
| 29 Jun 2023 | £290,013 | £286,500 | 42 MONARCH CLOSE |
| 3 Apr 2023 | £335,614 | £332,000 | 32 RALEIGH CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Raleigh Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Raleigh Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Raleigh Close |
| Mar 2024 | Vehicle crime | Under investigation | On or near Monarch Close |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Illustrious Close |