£344,702
This estimated value is based upon the latest sale price for the house of £277,000 on 1 Feb 2019. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £277,000 | 1 Feb 2019 |
| £185,000 | 4 Apr 2005 |
| Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 February 2019 the House Price Index for ISLE OF WIGHT was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £277,000 results in an estimated price of approximately £344,702.
| 1 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.441 % | £277,000 | £67,702 | £344,702 |
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 | -0.770 % | £-2,132 | £274,867 |
| 3 Month Average | 28.474 % | £78,873 | £355,873 |
| 6 Month Average | 19.234 % | £53,278 | £330,278 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £323,204 | £315,000 | 63 VENNER AVENUE |
| 6 Oct 2023 | £199,532 | £195,000 | 13 HORSESHOE CLOSE |
| 4 Aug 2023 | £310,602 | £305,000 | 8 OXFORD STREET |
| 27 Apr 2023 | £254,714 | £249,950 | 2 OXFORD STREET |
| 6 Apr 2023 | £244,575 | £240,000 | 8 HORSESHOE CLOSE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 24 Aug 2018. Using an estimated price of £344,702 means this house is valued at £4,658 per sq meter (£432 per sq foot).
The average size of a house on OXFORD STREET is 120 sq meters (1,297 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Oxford Street | |
| May 2024 | Anti-social behaviour | On or near Oxford Street | |
| May 2024 | Anti-social behaviour | On or near Oxford Street | |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oxford Street |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Horseshoe Close |