£280,403
This estimated value is based upon the latest sale price for the house of £240,000 on 2 Oct 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 |
|---|---|
| £240,000 | 2 Oct 2020 |
| £153,000 | 23 Jun 2014 |
| £187,000 | 28 Nov 2006 |
| £80,000 | 8 Mar 2001 |
| £24,450 | 23 Nov 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 2020 the House Price Index for ISLE OF WIGHT was 126.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 16.835%.Applying this 16.835% change to the original purchase price of £240,000 results in an estimated price of approximately £280,403.
| 2 Oct 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.0 | 16.835 % | £240,000 | £40,403 | £280,403 |
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 | -11.001 % | £-26,401 | £213,598 |
| 3 Month Average | -9.661 % | £-23,186 | £216,813 |
| 6 Month Average | 18.177 % | £43,624 | £283,624 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £419,417 | £418,000 | GARAGE 1 ESPLANADE COURT |
| 17 Mar 2023 | £372,011 | £370,000 | FLAT 1 1 MARINE PARADE |
| 15 Feb 2023 | £238,870 | £240,000 | APARTMENT 2 KAIA, 5 MARINE PARADE |
| 2 Feb 2023 | £243,847 | £245,000 | 25C ALPINE ROAD |
| 22 Apr 2022 | £123,846 | £120,750 | FLAT 4 SILVERMERE COURT ALMA ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 11 Mar 2019. Using an estimated price of £280,403 means this house is valued at £3,260 per sq meter (£302 per sq foot).
The average size of a house on MARINE PARADE is 66 sq meters (716 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Marine Parade | |
| Jan 2024 | Anti-social behaviour | On or near Marine Parade | |
| Jan 2024 | Anti-social behaviour | On or near Marine Parade | |
| Jan 2024 | Anti-social behaviour | On or near Marine Parade | |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Marlborough Road |