£520,101
This estimated value is based upon the latest sale price for the house of £455,000 on 16 Dec 2020. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £455,000 | 16 Dec 2020 |
| £290,000 | 8 Jul 2016 |
| Detached |
| Freehold |
| Floor Area: 53 sq meters or 570 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 December 2020 the House Price Index for ISLE OF WIGHT was 129.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.308%.Applying this 14.308% change to the original purchase price of £455,000 results in an estimated price of approximately £520,101.
| 16 Dec 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.0 | 14.308 % | £455,000 | £65,101 | £520,101 |
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 | -13.832 % | £-62,936 | £392,063 |
| 3 Month Average | 7.216 % | £32,833 | £487,833 |
| 6 Month Average | 10.409 % | £47,359 | £502,359 |
| 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 Aug 2023 | £412,509 | £410,000 | 12 TILBURY ROAD |
| 11 Jul 2023 | £262,483 | £260,000 | 4 ALBERT ROAD |
| 2 Jun 2023 | £591,798 | £587,000 | 28 THE AVENUE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 12 Jun 2018. Using an estimated price of £520,101 means this house is valued at £9,813 per sq meter (£911 per sq foot).
The average size of a house on ALBERT ROAD is 102 sq meters (1,106 sq feet).
This house is the smallest in the street with a floor area of 53 sq meters (570 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Worsley Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Worsley Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glen Place |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Albert Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Solent View Road |