£269,428
This estimated value is based upon the latest sale price for the house of £260,000 on 14 Mar 2022. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £260,000 | 14 Mar 2022 |
| £155,000 | 8 Jan 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 March 2022 the House Price Index for ISLE OF WIGHT was 143.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 3.626%.Applying this 3.626% change to the original purchase price of £260,000 results in an estimated price of approximately £269,428.
| 14 Mar 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.6 | 3.626 % | £260,000 | £9,428 | £269,428 |
The Postcode Pricing Model uses changes in average sales price within the PO40 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 | -33.621 % | £-87,413 | £172,586 |
| 3 Month Average | 44.166 % | £114,832 | £374,832 |
| 6 Month Average | 24.190 % | £62,892 | £322,892 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £289,283 | £285,000 | 17 COOPERS CLOSE |
| 8 Aug 2023 | £151,324 | £150,000 | 7 RICHMOND GRANGE RICHMOND CRESCENT |
| 24 Jul 2023 | £393,243 | £387,950 | RICHMOND HOUSE AVENUE ROAD |
| 9 Mar 2023 | £149,408 | £148,000 | 2 RICHMOND GRANGE RICHMOND CRESCENT |
| 28 Jul 2022 | £225,607 | £225,000 | 1 OAK VILLAS |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 26 Oct 2021. Using an estimated price of £269,428 means this house is valued at £3,454 per sq meter (£320 per sq foot).
The average size of a house on RICHMOND MEADE is 121 sq meters (1,312 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Coopers Close |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Coopers Close |
| Mar 2024 | Theft from the person | Under investigation | On or near Coopers Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Coopers Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Coopers Close |