£353,362
This estimated value is based upon the latest sale price for the house of £179,950 on 1 Jul 2004. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £179,950 | 1 Jul 2004 |
| Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,065 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 July 2004 the House Price Index for ISLE OF WIGHT was 76.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 96.367%.Applying this 96.367% change to the original purchase price of £179,950 results in an estimated price of approximately £353,362.
| 1 Jul 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 76.2 | 149.7 | 96.367 % | £179,950 | £173,412 | £353,362 |
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 | 109.494 % | £197,034 | £376,984 |
| 3 Month Average | 73.430 % | £132,136 | £312,086 |
| 6 Month Average | 73.235 % | £131,786 | £311,736 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £279,291 | £275,000 | 34 VENNER AVENUE |
| 6 Apr 2023 | £295,528 | £290,000 | 78 NODES ROAD |
| 24 Jun 2022 | £383,191 | £375,000 | 72 NODES ROAD |
| 25 May 2022 | £343,961 | £335,000 | 96 NODES ROAD |
| 22 Apr 2022 | £342,349 | £330,000 | 384 NEWPORT ROAD |
This house has a floor area of 98 sq meters or 1,065 sq feet when measured on 21 Mar 2012. Using an estimated price of £353,363 means this house is valued at £3,571 per sq meter (£331 per sq foot).
The average size of a house on NODES ROAD is 89 sq meters (966 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Medham Farm Lane |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Venner Avenue |
| May 2024 | Anti-social behaviour | On or near Oxford Street | |
| May 2024 | Anti-social behaviour | On or near Oxford Street | |
| May 2024 | Anti-social behaviour | On or near Oxford Street |