£393,654
This estimated value is based upon the latest sale price for the house of £265,000 on 12 Dec 2014. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £265,000 | 12 Dec 2014 |
| £120,000 | 10 Nov 2011 |
| £50,000 | 24 Aug 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 787 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 2014 the House Price Index for ISLE OF WIGHT was 99.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 48.549%.Applying this 48.549% change to the original purchase price of £265,000 results in an estimated price of approximately £393,654.
| 12 Dec 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 148.0 | 48.549 % | £265,000 | £128,654 | £393,654 |
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 | -10.598 % | £-28,085 | £236,914 |
| 3 Month Average | 19.608 % | £51,960 | £316,960 |
| 6 Month Average | 18.876 % | £50,020 | £315,020 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £314,412 | £312,500 | 11 CROWN COURT MARKET HILL |
| 30 Nov 2022 | £305,053 | £310,000 | 16 CROWN COURT MARKET HILL |
| 25 Jul 2022 | £434,413 | £435,000 | 17 SUN HILL |
| 22 Jul 2022 | £199,730 | £200,000 | 8 CASTLE ROAD |
| 7 Jun 2022 | £323,276 | £320,000 | 9 CROWN COURT SUN HILL |
This house has a floor area of 73 sq meters or 787 sq feet when measured on 12 May 2011. Using an estimated price of £393,655 means this house is valued at £5,377 per sq meter (£499 per sq foot).
The average size of a house on MARKET HILL is 98 sq meters (1,057 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Market Hill |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Market Hill |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Sun Hill |
| Apr 2024 | Burglary | Under investigation | On or near Bars Hill |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Bars Hill |