£455,056
This estimated value is based upon the latest sale price for the house of £155,000 on 10 May 2002. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £155,000 | 10 May 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 206 sq meters or 2,219 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 May 2002 the House Price Index for ISLE OF WIGHT was 51.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 193.585%.Applying this 193.585% change to the original purchase price of £155,000 results in an estimated price of approximately £455,056.
| 10 May 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 149.7 | 193.585 % | £155,000 | £300,056 | £455,056 |
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 | 224.029 % | £347,245 | £502,245 |
| 3 Month Average | 182.668 % | £283,135 | £438,135 |
| 6 Month Average | 163.633 % | £253,631 | £408,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £210,339 | £205,000 | FLAT 4 BROOKLYN HOUSE, 48 NEWPORT ROAD |
| 30 Nov 2023 | £318,074 | £310,000 | 59 NEWPORT ROAD |
| 29 Nov 2023 | £410,418 | £400,000 | 45 NEWPORT ROAD |
| 22 Aug 2023 | £137,480 | £135,000 | 2 TRENT MEWS |
| 21 Aug 2023 | £218,949 | £215,000 | 11 TRENT MEWS |
This house has a floor area of 206 sq meters or 2,219 sq feet when measured on 21 Nov 2011. Using an estimated price of £455,057 means this house is valued at £2,206 per sq meter (£205 per sq foot).
The average size of a house on NEWPORT ROAD is 101 sq meters (1,096 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Smithards Lane |
| Jul 2024 | Anti-social behaviour | On or near Arctic Road | |
| Jul 2024 | Anti-social behaviour | On or near Arctic Road | |
| Jul 2024 | Anti-social behaviour | On or near Arctic Road | |
| Jun 2024 | Anti-social behaviour | On or near Arctic Road |