£112,370
This estimated value is based upon the latest sale price for the house of £65,000 on 14 Oct 2011. This value is then adjusted by the current Official House Price Index for HAMPSHIRE 1
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| Price Paid | Date |
|---|---|
| £65,000 | 14 Oct 2011 |
| £45,000 | 11 Sep 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 75 sq meters or 807 sq feet |
This model uses changes in the Official Land Registry House Price Index for HAMPSHIRE to estimate the market value.
When this house was purchased in October 2011 the House Price Index for HAMPSHIRE was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.878%.Applying this 72.878% change to the original purchase price of £65,000 results in an estimated price of approximately £112,370.
| 14 Oct 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.878 % | £65,000 | £47,370 | £112,370 |
The Postcode Pricing Model uses changes in average sales price within the PO16 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 | 28.649 % | £18,621 | £83,621 |
| 3 Month Average | 20.694 % | £13,450 | £78,450 |
| 6 Month Average | 42.183 % | £27,419 | £92,419 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £177,267 | £175,000 | FLAT 4 MEDINA HOUSE REDLANDS LANE |
| 21 Aug 2023 | £252,206 | £250,000 | 2 FAYRE ROAD |
| 20 Apr 2023 | £384,136 | £380,000 | 1 FAYRE ROAD |
| 20 Jan 2023 | £179,156 | £180,000 | FLAT 12 SPITHEAD HOUSE REDLANDS LANE |
| 8 Jul 2022 | £927,497 | £925,000 | 29 PALMERSTON BUSINESS PARK |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 25 Oct 2021. Using an estimated price of £112,371 means this house is valued at £1,498 per sq meter (£139 per sq foot).
The average size of a house on REDLANDS LANE is 71 sq meters (769 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Unable to prosecute suspect | On or near Palmerston Drive |
| Mar 2024 | Drugs | Investigation complete; no suspect identified | On or near Palmerston Drive |
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Palmerston Drive |
| Mar 2024 | Possession of weapons | Under investigation | On or near Palmerston Drive |
| Mar 2024 | Anti-social behaviour | On or near Palmerston Drive |