£244,795
This estimated value is based upon the latest sale price for the house of £207,000 on 14 Sep 2020. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £207,000 | 14 Sep 2020 |
| £157,500 | 31 Jul 2003 |
| £53,000 | 25 Aug 1998 |
| Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 2020 the House Price Index for ISLE OF WIGHT was 125.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 18.259%.Applying this 18.259% change to the original purchase price of £207,000 results in an estimated price of approximately £244,795.
| 14 Sep 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.0 | 18.259 % | £207,000 | £37,795 | £244,795 |
The Postcode Pricing Model uses changes in average sales price within the PO33 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 | -9.999 % | £-20,697 | £186,302 |
| 3 Month Average | 25.129 % | £52,017 | £259,017 |
| 6 Month Average | 21.776 % | £45,075 | £252,075 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £154,461 | £153,000 | FLAT 5 NELSON MANSIONS, 1 NELSON PLACE |
| 8 Mar 2023 | £148,804 | £148,000 | 16 NELSON PLACE |
| 26 Aug 2022 | £144,027 | £145,000 | FLAT 10 ARABIAN LODGE, 20 CASTLE STREET |
| 21 Jun 2022 | £138,403 | £137,000 | FLAT 8 NELSON MANSIONS, 1 NELSON PLACE |
| 13 Jun 2022 | £227,304 | £225,000 | 17 NELSON PLACE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 11 Jun 2020. Using an estimated price of £244,796 means this house is valued at £2,205 per sq meter (£204 per sq foot).
The average size of a house on NELSON PLACE is 84 sq meters (910 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Nelson Place |
| Apr 2024 | Anti-social behaviour | On or near Castle Street | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Castle Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Castle Street |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Nelson Lane |