£2,167,364
This estimated value is based upon the latest sale price for the house of £2,100,000 on 10 Mar 2022. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £2,100,000 | 10 Mar 2022 |
| £160,000 | 5 Apr 2001 |
| Detached |
| Freehold |
| Floor Area: 166 sq meters or 1,786 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 March 2022 the House Price Index for ISLE OF WIGHT was 143.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 3.208%.Applying this 3.208% change to the original purchase price of £2,100,000 results in an estimated price of approximately £2,167,364.
| 10 Mar 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.0 | 3.208 % | £2,100,000 | £67,364 | £2,167,364 |
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 | -48.226 % | £-1,012,748 | £1,087,251 |
| 3 Month Average | -30.862 % | £-648,108 | £1,451,891 |
| 6 Month Average | -3.654 % | £-76,742 | £2,023,257 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £421,424 | £420,000 | 23 ALBERT ROAD |
| 30 Nov 2023 | £390,007 | £385,000 | 34 ALBERT ROAD |
| 11 Jul 2023 | £262,483 | £260,000 | 4 ALBERT ROAD |
| 12 Jan 2023 | £1,006,162 | £1,015,000 | 48 SOLENT VIEW ROAD |
| 2 Aug 2022 | £322,819 | £325,000 | 50 ALBERT ROAD |
This house has a floor area of 166 sq meters or 1,786 sq feet when measured on 24 Aug 2021. Using an estimated price of £2,167,364 means this house is valued at £13,056 per sq meter (£1,212 per sq foot).
The average size of a house on SOLENT VIEW ROAD is 128 sq meters (1,385 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Solent View Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Albert Road |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Lower Church Road |
| Apr 2024 | Drugs | Further investigation is not in the public interest | On or near Bay View Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Marsh Road |