£180,051
This estimated value is based upon the latest sale price for the house of £105,000 on 31 Jul 2012. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £105,000 | 31 Jul 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 July 2012 the House Price Index for ISLE OF WIGHT was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.478%.Applying this 71.478% change to the original purchase price of £105,000 results in an estimated price of approximately £180,051.
| 31 Jul 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.478 % | £105,000 | £75,051 | £180,051 |
The Postcode Pricing Model uses changes in average sales price within the PO30 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 | 35.418 % | £37,188 | £142,188 |
| 3 Month Average | 61.891 % | £64,985 | £169,985 |
| 6 Month Average | 57.907 % | £60,802 | £165,802 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £185,855 | £183,000 | FLAT 2 8 FAIRLEE ROAD |
| 11 Oct 2023 | £148,370 | £145,000 | 50 VICTORIA ROAD |
| 8 Mar 2023 | £162,717 | £160,000 | FLAT 3 8 FAIRLEE ROAD |
| 23 Nov 2022 | £179,162 | £180,000 | 24 FAIRLEE ROAD |
| 8 Jul 2022 | £116,164 | £115,000 | FLAT 4 8 FAIRLEE ROAD |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 14 May 2012. Using an estimated price of £180,052 means this house is valued at £3,104 per sq meter (£288 per sq foot).
The average size of a house on VICTORIA ROAD is 70 sq meters (755 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Drugs | Local resolution | On or near Victoria Road |
| Sep 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Victoria Road |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Victoria Road |
| Sep 2024 | Anti-social behaviour | On or near Hillside | |
| Sep 2024 | Anti-social behaviour | On or near Hillside |