£214,859
This estimated value is based upon the latest sale price for the house of £125,000 on 16 Jan 2012. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £125,000 | 16 Jan 2012 |
| £140,000 | 23 Jun 2006 |
| £37,000 | 29 Jul 1996 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 773 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 January 2012 the House Price Index for ISLE OF WIGHT was 86.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.888%.Applying this 71.888% change to the original purchase price of £125,000 results in an estimated price of approximately £214,859.
| 16 Jan 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 148.6 | 71.888 % | £125,000 | £89,859 | £214,859 |
The Postcode Pricing Model uses changes in average sales price within the PO31 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 | 30.696 % | £38,370 | £163,370 |
| 3 Month Average | 26.957 % | £33,696 | £158,696 |
| 6 Month Average | 31.140 % | £38,924 | £163,924 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £223,918 | £220,000 | 58 NELSON DRIVE |
| 6 Sep 2023 | £217,785 | £215,000 | 84 NELSON DRIVE |
| 25 Apr 2023 | £247,667 | £245,000 | 40 MILTON ROAD |
| 6 Apr 2023 | £283,048 | £280,000 | 14 FRASER CLOSE |
| 5 Apr 2023 | £207,231 | £205,000 | 74 NELSON DRIVE |
This house has a floor area of 71 sq meters or 773 sq feet when measured on 3 Jun 2009. Using an estimated price of £214,860 means this house is valued at £2,988 per sq meter (£277 per sq foot).
The average size of a house on FRASER CLOSE is 78 sq meters (841 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Nelson Drive |
| Feb 2024 | Other crime | Unable to prosecute suspect | On or near Nelson Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Nelson Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Nelson Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Nelson Court |