£507,987
This estimated value is based upon the latest sale price for the house of £410,000 on 15 Jan 2018. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £410,000 | 15 Jan 2018 |
| Detached |
| Leasehold |
| Floor Area: 124 sq meters or 1,334 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 January 2018 the House Price Index for ISLE OF WIGHT was 118.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.899%.Applying this 23.899% change to the original purchase price of £410,000 results in an estimated price of approximately £507,987.
| 15 Jan 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 146.7 | 23.899 % | £410,000 | £97,987 | £507,987 |
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 | 33.593 % | £137,733 | £547,733 |
| 3 Month Average | 74.348 % | £304,828 | £714,828 |
| 6 Month Average | 44.037 % | £180,552 | £590,552 |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 28 Sep 2017.
The average size of a house on SPENCER ROAD is 136 sq meters (1,472 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Awaiting court outcome | On or near Coniston Drive |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near St George'S Road |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Buckingham Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Lind Place |