£231,080
This estimated value is based upon the latest sale price for the house of £230,000 on 12 Aug 2022. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
There has been one burglary within the last year on or near Pound Lane
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| Price Paid | Date |
|---|---|
| £230,000 | 12 Aug 2022 |
| £130,000 | 24 Apr 2017 |
| £81,000 | 22 Oct 2002 |
| £10,000 | 14 Oct 1997 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 August 2022 the House Price Index for ISLE OF WIGHT was 149.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.470%.Applying this 0.470% change to the original purchase price of £230,000 results in an estimated price of approximately £231,080.
| 12 Aug 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 149.7 | 0.470 % | £230,000 | £1,080 | £231,080 |
The Postcode Pricing Model uses changes in average sales price within the PO38 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 | -7.134 % | £-16,407 | £213,592 |
| 3 Month Average | -7.829 % | £-18,007 | £211,992 |
| 6 Month Average | 7.941 % | £18,264 | £248,264 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Sep 2023 | £281,199 | £275,000 | CENTRAL HOTEL, 64 HIGH STREET |
| 17 Mar 2023 | £213,567 | £210,000 | 32 ALBERT STREET |
| 12 Aug 2022 | £231,081 | £230,000 | 2 ALBERT STREET |
| 29 Jul 2022 | £256,571 | £254,000 | 44 ALBERT STREET |
| 14 Apr 2022 | £168,062 | £162,000 | 5A MARKET STREET |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 21 Mar 2013. Using an estimated price of £231,081 means this house is valued at £3,788 per sq meter (£351 per sq foot).
The average size of a house on ALBERT STREET is 74 sq meters (802 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Pound Lane |
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Pound Lane |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Pound Lane |
| Oct 2024 | Burglary | Under investigation | On or near Pound Lane |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Pound Lane |