£447,084
This estimated value is based upon the latest sale price for the house of £175,000 on 11 Dec 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 |
---|---|
£175,000 | 11 Dec 2002 |
£70,000 | 1 Mar 1999 |
Detached |
Freehold |
Floor Area: 69 sq meters or 742 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 2002 the House Price Index for ISLE OF WIGHT was 58.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 155.477%.Applying this 155.477% change to the original purchase price of £175,000 results in an estimated price of approximately £447,084.
11 Dec 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
58.6 | 149.7 | 155.477 % | £175,000 | £272,084 | £447,084 |
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 | 197.601 % | £345,802 | £520,802 |
3 Month Average | 138.762 % | £242,833 | £417,833 |
6 Month Average | 124.729 % | £218,275 | £393,275 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £338,595 | £330,000 | 135 PALLANCE ROAD |
3 Nov 2023 | £359,116 | £350,000 | HIGHFIELD PALLANCE LANE |
21 Aug 2023 | £290,235 | £285,000 | 139A PALLANCE ROAD |
28 Jun 2023 | £57,655 | £56,500 | 136 GURNARD PINES |
20 Sep 2022 | £499,666 | £500,000 | 82 PALLANCE ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 8 Sep 2014. Using an estimated price of £447,085 means this house is valued at £6,479 per sq meter (£601 per sq foot).
The average size of a house on PALLANCE ROAD is 111 sq meters (1,203 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Public order | Investigation complete; no suspect identified | On or near Pallance Road |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Woodside Close |
May 2024 | Other theft | Under investigation | On or near Woodside Close |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Chessell Close |
Jun 2024 | Other crime | Under investigation | On or near Chessell Close |