£425,174
This estimated value is based upon the latest sale price for the house of £275,000 on 20 May 2014. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £275,000 | 20 May 2014 |
| £215,000 | 28 May 2010 |
| Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,062 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 May 2014 the House Price Index for ISLE OF WIGHT was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £275,000 results in an estimated price of approximately £425,174.
| 20 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 148.6 | 54.609 % | £275,000 | £150,174 | £425,174 |
The Postcode Pricing Model uses changes in average sales price within the PO38 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 | 41.862 % | £115,121 | £390,121 |
| 3 Month Average | 35.894 % | £98,708 | £373,708 |
| 6 Month Average | 63.644 % | £175,021 | £450,021 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £1,052,583 | £1,037,000 | BROOKSIDE BONCHURCH VILLAGE ROAD |
| 5 Sep 2023 | £109,399 | £108,000 | 9 WESTFIELD BUNGALOWS |
| 18 Aug 2023 | £353,089 | £350,000 | FLAT 7 LITTLE MAPLES MAPLES DRIVE |
| 21 Jul 2023 | £886,937 | £875,000 | 29 LEESON ROAD |
| 20 Feb 2023 | £435,707 | £436,000 | SHENSTONE LEESON ROAD |
This house has a floor area of 98 sq meters or 1,062 sq feet when measured on 5 Mar 2012. Using an estimated price of £425,174 means this house is valued at £4,307 per sq meter (£400 per sq foot).
The average size of a house on MADEIRA ROAD is 118 sq meters (1,276 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Maples Drive |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Spring Gardens |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spring Gardens |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spring Gardens |
| Feb 2024 | Other theft | Under investigation | On or near St Boniface Road |