£219,414
This estimated value is based upon the latest sale price for the house of £177,500 on 10 May 2019. This value is then adjusted by the current Official House Price Index for MEDWAY 1
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| Price Paid | Date |
|---|---|
| £177,500 | 10 May 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 69 sq meters or 742 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 May 2019 the House Price Index for MEDWAY was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £177,500 results in an estimated price of approximately £219,414.
| 10 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.614 % | £177,500 | £41,914 | £219,414 |
The Postcode Pricing Model uses changes in average sales price within the ME1 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 | 10.351 % | £18,373 | £195,873 |
| 3 Month Average | 7.897 % | £14,016 | £191,516 |
| 6 Month Average | 12.152 % | £21,570 | £199,070 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £272,264 | £267,500 | 123 THE TIDEWAY |
| 8 Sep 2023 | £64,829 | £64,000 | FLAT 10 RICHARD HOWE HOUSE PALM DRIVE |
| 24 Aug 2023 | £94,830 | £94,000 | FLAT 3 BOCKENHAM HOUSE THE FAIRWAY |
| 8 Mar 2023 | £214,016 | £212,000 | 67 THE FAIRWAY |
| 24 Feb 2023 | £354,761 | £355,000 | 20 BINNACLE ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 28 Feb 2013. Using an estimated price of £219,414 means this house is valued at £3,179 per sq meter (£295 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Palm Drive | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Palm Drive |
| Feb 2024 | Public order | Local resolution | On or near Palm Drive |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Palm Drive |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Palm Drive |