£296,753
This estimated value is based upon the latest sale price for the house of £170,000 on 13 Nov 2009. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £170,000 | 13 Nov 2009 |
| £150,000 | 12 Jun 2009 |
| £169,950 | 27 Aug 2004 |
| Terraced |
| Freehold |
| Floor Area: 106 sq meters or 1,147 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 November 2009 the House Price Index for ISLE OF WIGHT was 85.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 74.561%.Applying this 74.561% change to the original purchase price of £170,000 results in an estimated price of approximately £296,753.
| 13 Nov 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 148.6 | 74.561 % | £170,000 | £126,753 | £296,753 |
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 | 2.727 % | £4,635 | £174,635 |
| 3 Month Average | 37.684 % | £64,062 | £234,062 |
| 6 Month Average | 32.588 % | £55,399 | £225,399 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £151,324 | £150,000 | 7 HEATH CLOSE |
| 21 Apr 2023 | £161,742 | £160,000 | 69 CLARENCE ROAD |
| 19 Apr 2023 | £182,970 | £181,000 | UNITS 9 AND 9B BRICKWOODS HOUSE ORCHARD STREET |
| 10 Nov 2022 | £319,134 | £323,000 | 8C MOUNT PLEASANT ROAD |
| 20 May 2022 | £254,750 | £249,950 | 8 ST JOHNS ROAD |
This house has a floor area of 106 sq meters or 1,147 sq feet when measured on 12 Aug 2009. Using an estimated price of £296,754 means this house is valued at £2,783 per sq meter (£258 per sq foot).
The average size of a house on MEDINA AVENUE is 101 sq meters (1,090 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Under investigation | On or near Church Litten |