£241,312
This estimated value is based upon the latest sale price for the house of £150,000 on 11 May 2007. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £150,000 | 11 May 2007 |
| Terraced |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 2007 the House Price Index for ISLE OF WIGHT was 93.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.875%.Applying this 60.875% change to the original purchase price of £150,000 results in an estimated price of approximately £241,312.
| 11 May 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 149.7 | 60.875 % | £150,000 | £91,312 | £241,312 |
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 | 59.241 % | £88,861 | £238,861 |
| 3 Month Average | 44.412 % | £66,618 | £216,618 |
| 6 Month Average | 44.520 % | £66,779 | £216,779 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £374,506 | £365,000 | 178 PARK ROAD |
| 3 Oct 2023 | £293,670 | £287,000 | 146 PARK ROAD |
| 29 Sep 2023 | £439,693 | £430,000 | 53 MOORGREEN ROAD |
| 30 Jun 2023 | £877,587 | £860,000 | 77 PARK ROAD |
| 20 Mar 2023 | £340,690 | £335,000 | 81 MOORGREEN ROAD |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 7 Mar 2013. Using an estimated price of £241,312 means this house is valued at £2,320 per sq meter (£215 per sq foot).
The average size of a house on PARK ROAD is 113 sq meters (1,221 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other crime | Under investigation | On or near Moorgreen Road |
| Jul 2024 | Other crime | Under investigation | On or near Moorgreen Road |
| Jun 2024 | Anti-social behaviour | On or near Moorgreen Road | |
| Jun 2024 | Anti-social behaviour | On or near Moorgreen Road | |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Moorgreen Road |