£241,759
This estimated value is based upon the latest sale price for the house of £108,500 on 28 Nov 2003. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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Price Paid | Date |
---|---|
£108,500 | 28 Nov 2003 |
Terraced |
Freehold |
Floor Area: 83 sq meters or 893 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 2003 the House Price Index for ISLE OF WIGHT was 67.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 122.820%.Applying this 122.820% change to the original purchase price of £108,500 results in an estimated price of approximately £241,759.
28 Nov 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
67.2 | 149.7 | 122.820 % | £108,500 | £133,259 | £241,759 |
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 | 49.781 % | £54,012 | £162,512 |
3 Month Average | 78.635 % | £85,318 | £193,818 |
6 Month Average | 75.713 % | £82,148 | £190,648 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Oct 2023 | £174,974 | £171,000 | 8 DRAKE ROAD |
28 Sep 2023 | £167,185 | £163,500 | 12 ALBERT STREET |
26 Jun 2023 | £238,785 | £234,000 | 11 TERRACE ROAD |
1 Mar 2023 | £172,887 | £170,000 | 16 ALBERT STREET |
1 Jul 2022 | £325,259 | £322,000 | 2 TERRACE ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 21 May 2019. Using an estimated price of £241,760 means this house is valued at £2,912 per sq meter (£270 per sq foot).
The average size of a house on ALBERT STREET is 78 sq meters (849 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Drake Road |
May 2024 | Anti-social behaviour | On or near Drake Road | |
May 2024 | Anti-social behaviour | On or near Drake Road | |
May 2024 | Anti-social behaviour | On or near Drake Road | |
Jul 2024 | Public order | Investigation complete; no suspect identified | On or near Terrace Road |