£628,857
This estimated value is based upon the latest sale price for the house of £625,000 on 4 May 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 |
|---|---|
| £625,000 | 4 May 2022 |
| £220,000 | 31 Jan 2007 |
| Detached |
| Freehold |
| Floor Area: 162 sq meters or 1,743 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 May 2022 the House Price Index for ISLE OF WIGHT was 145.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 0.617%.Applying this 0.617% change to the original purchase price of £625,000 results in an estimated price of approximately £628,857.
| 4 May 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 146.7 | 0.617 % | £625,000 | £3,857 | £628,857 |
The Postcode Pricing Model uses changes in average sales price within the PO36 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 | -5.312 % | £-33,198 | £591,801 |
| 3 Month Average | -1.557 % | £-9,731 | £615,268 |
| 6 Month Average | 20.420 % | £127,626 | £752,626 |
This house has a floor area of 162 sq meters or 1,743 sq feet when measured on 23 Nov 2021.
The average size of a house on MELVILLE STREET is 117 sq meters (1,263 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Park Rise |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Park Rise |
| Jan 2024 | Anti-social behaviour | On or near Park Rise | |
| Jan 2024 | Anti-social behaviour | On or near Park Rise | |
| Jan 2024 | Anti-social behaviour | On or near Park Rise |