£294,853
This estimated value is based upon the latest sale price for the house of £177,000 on 23 Aug 2013. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
There has been one burglary within the last year on or near Melbourne Street
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| Price Paid | Date |
|---|---|
| £177,000 | 23 Aug 2013 |
| £60,000 | 5 Aug 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,033 sq feet |
This model uses changes in the Official Land Registry House Price Index for ISLE OF WIGHT to estimate the market value.
When this house was purchased in August 2013 the House Price Index for ISLE OF WIGHT was 89.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 66.584%.Applying this 66.584% change to the original purchase price of £177,000 results in an estimated price of approximately £294,853.
| 23 Aug 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 149.7 | 66.584 % | £177,000 | £117,853 | £294,853 |
The Postcode Pricing Model uses changes in average sales price within the PO30 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 | 18.636 % | £32,985 | £209,985 |
| 3 Month Average | 41.826 % | £74,031 | £251,031 |
| 6 Month Average | 39.878 % | £70,584 | £247,584 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Oct 2023 | £173,951 | £170,000 | 2 CANBERRA TERRACE |
| 25 Aug 2023 | £213,857 | £210,000 | 15 CASTLE ROAD |
| 10 Jun 2022 | £227,871 | £223,000 | 75 CARISBROOKE ROAD |
| 20 May 2022 | £248,473 | £242,000 | 49 CASTLE ROAD |
| 25 Mar 2022 | £271,423 | £260,000 | LANE END COTTAGE, 4A RECREATION GROUND ROAD |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 9 May 2013. Using an estimated price of £294,854 means this house is valued at £3,071 per sq meter (£285 per sq foot).
The average size of a house on MELBOURNE STREET is 79 sq meters (853 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Melbourne Street |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Street |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Melbourne Street |
| May 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Street |
| May 2024 | Burglary | Awaiting court outcome | On or near Bus/Coach Station |