£129,608
This estimated value is based upon the latest sale price for the house of £76,000 on 21 May 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 |
|---|---|
| £76,000 | 21 May 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 587 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 2012 the House Price Index for ISLE OF WIGHT was 87.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.538%.Applying this 70.538% change to the original purchase price of £76,000 results in an estimated price of approximately £129,608.
| 21 May 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 148.6 | 70.538 % | £76,000 | £53,608 | £129,608 |
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 | 38.342 % | £29,140 | £105,140 |
| 3 Month Average | 55.049 % | £41,836 | £117,836 |
| 6 Month Average | 49.124 % | £37,334 | £113,334 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £61,068 | £60,000 | FLAT 1 ST JAMES COURT, 52 LUGLEY STREET |
| 17 Aug 2022 | £2,717,685 | £2,725,000 | 23 LUGLEY STREET |
| 7 Jan 2022 | £94,717 | £90,000 | FLAT 5 HELLERSLEA COURT, 3 LUGLEY STREET |
| 6 Jan 2022 | £257,840 | £245,000 | 16 LUGLEY STREET |
| 5 Jan 2022 | £336,771 | £320,000 | 29A LUGLEY STREET |
This house has a floor area of 54 sq meters or 587 sq feet when measured on 11 Jan 2012. Using an estimated price of £129,609 means this house is valued at £2,375 per sq meter (£220 per sq foot).
The average size of a house on CHAIN LANE is 68 sq meters (739 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Chain Lane | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chain Lane |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Lugley Street |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near St Jamess Street |
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near St Jamess Street |