£281,390
This estimated value is based upon the latest sale price for the house of £275,000 on 12 Oct 2023. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £275,000 | 12 Oct 2023 |
| £155,000 | 25 Jan 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 October 2023 the House Price Index for ISLE OF WIGHT was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £275,000 results in an estimated price of approximately £281,390.
| 12 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £275,000 | £6,390 | £281,390 |
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 | -24.498 % | £-67,369 | £207,630 |
| 3 Month Average | -4.529 % | £-12,454 | £262,545 |
| 6 Month Average | 2.141 % | £5,887 | £280,887 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £149,802 | £147,500 | FLAT 2 MARY BELL COURT, 13 SIMEON STREET |
| 8 Dec 2023 | £361,096 | £350,000 | 42 THE STRAND |
| 12 Oct 2023 | £281,391 | £275,000 | 2 CORNWALL STREET |
| 4 Aug 2023 | £366,612 | £360,000 | 37A SIMEON STREET |
| 12 Jun 2023 | £292,869 | £287,000 | FLAT C 16 THE STRAND |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 26 Apr 2017. Using an estimated price of £281,391 means this house is valued at £2,731 per sq meter (£253 per sq foot).
There is one other house on the street which we know the size of, this is 1 CORNWALL STREET it is 104.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Simeon Street |
| Jul 2024 | Drugs | Local resolution | On or near Cornwall Street |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Cornwall Street |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cornwall Street |
| Jul 2024 | Drugs | Under investigation | On or near The Strand |