£145,247
This estimated value is based upon the latest sale price for the house of £137,000 on 24 Jan 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 |
|---|---|
| £137,000 | 24 Jan 2022 |
| £115,000 | 1 Feb 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 680 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 2022 the House Price Index for ISLE OF WIGHT was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £137,000 results in an estimated price of approximately £145,247.
| 24 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 149.7 | 6.020 % | £137,000 | £8,247 | £145,247 |
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 | -5.429 % | £-7,437 | £129,562 |
| 3 Month Average | -9.184 % | £-12,582 | £124,417 |
| 6 Month Average | 6.887 % | £9,435 | £146,435 |
| 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 63 sq meters or 680 sq feet when measured on 1 Mar 2011. Using an estimated price of £145,247 means this house is valued at £2,298 per sq meter (£213 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 |