£1,194,126
This estimated value is based upon the latest sale price for the house of £1,100,000 on 16 Sep 2021. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £1,100,000 | 16 Sep 2021 |
| £650,000 | 26 Jun 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 September 2021 the House Price Index for ISLE OF WIGHT was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £1,100,000 results in an estimated price of approximately £1,194,126.
| 16 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £1,100,000 | £94,126 | £1,194,126 |
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 | 11.146 % | £122,602 | £1,222,602 |
| 3 Month Average | 9.863 % | £108,494 | £1,208,494 |
| 6 Month Average | 17.395 % | £191,340 | £1,291,340 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £495,932 | £485,000 | 5 CLIFF ROAD |
| 7 Aug 2023 | £585,561 | £575,000 | FLAT 4 EGYPT REACH, 33 BARING ROAD |
| 27 Jun 2023 | £1,326,585 | £1,300,000 | 2A CLIFF ROAD |
| 30 Nov 2022 | £207,032 | £208,000 | FLAT 2A STANHOPE LODGE STANHOPE DRIVE |
| 21 Oct 2022 | £433,552 | £435,000 | 4 MORNINGTON MEWS |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 24 May 2021. Using an estimated price of £1,194,126 means this house is valued at £8,653 per sq meter (£803 per sq foot).
The average size of a house on MORNINGTON MEWS is 103 sq meters (1,119 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Public order | Unable to prosecute suspect | On or near Stanhope Drive |
| May 2024 | Other theft | Unable to prosecute suspect | On or near Baring Drive |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Marine View Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Egypt Copse |
| Jul 2024 | Possession of weapons | Formal action is not in the public interest | On or near Egypt Copse |