£157,980
This estimated value is based upon the latest sale price for the house of £127,000 on 1 Jun 2018. This value is then adjusted by the current Official House Price Index for KENT 1
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| Price Paid | Date |
|---|---|
| £127,000 | 1 Jun 2018 |
| £93,500 | 4 Oct 2013 |
| £43,500 | 31 Aug 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 37 sq meters or 406 sq feet |
This model uses changes in the Official Land Registry House Price Index for KENT to estimate the market value.
When this house was purchased in June 2018 the House Price Index for KENT was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £127,000 results in an estimated price of approximately £157,980.
| 1 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £127,000 | £30,980 | £157,980 |
The Postcode Pricing Model uses changes in average sales price within the ME16 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 | 20.729 % | £26,326 | £153,326 |
| 3 Month Average | 21.239 % | £26,973 | £153,973 |
| 6 Month Average | 0.263 % | £334 | £127,334 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2022 | £98,803 | £100,000 | FLAT 6 ROBIN HOUSE SPRINGVALE |
| 12 Aug 2022 | £124,664 | £125,000 | FLAT 11 SWIFT HOUSE SPRINGVALE |
| 8 Jul 2022 | £216,583 | £216,000 | 13 PEACOCK MEWS |
| 6 May 2022 | £300,665 | £295,000 | 22 PEACOCK MEWS |
| 29 Apr 2022 | £163,223 | £158,500 | 31 BIRKDALE COURT |
This house has a floor area of 37 sq meters or 406 sq feet when measured on 29 Mar 2012. Using an estimated price of £157,981 means this house is valued at £4,179 per sq meter (£388 per sq foot).
The average size of a house on SPRINGVALE is 46 sq meters (497 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Spring Vale | |
| Mar 2024 | Anti-social behaviour | On or near Spring Vale | |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Spring Vale |
| Feb 2024 | Anti-social behaviour | On or near Spring Vale | |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Spring Vale |