£291,673
This estimated value is based upon the latest sale price for the house of £225,000 on 22 May 2017. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £225,000 | 22 May 2017 |
| £178,000 | 21 May 2010 |
| £155,000 | 30 Jan 2009 |
| £178,000 | 6 Jul 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 2017 the House Price Index for ISLE OF WIGHT was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £225,000 results in an estimated price of approximately £291,673.
| 22 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £225,000 | £66,673 | £291,673 |
The Postcode Pricing Model uses changes in average sales price within the PO38 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 | -37.192 % | £-83,683 | £141,316 |
| 3 Month Average | 22.675 % | £51,019 | £276,019 |
| 6 Month Average | 56.714 % | £127,606 | £352,606 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £156,358 | £155,000 | 24 PIER STREET |
| 14 Aug 2023 | £458,265 | £450,000 | BEACHLANDS ESPLANADE |
| 29 Mar 2023 | £198,312 | £195,000 | FLAT 3 PALMERSTON HOUSE HAMBROUGH ROAD |
| 18 Nov 2022 | £248,836 | £250,000 | FLAT 3 PIER VIEW ESPLANADE |
| 17 Oct 2022 | £224,251 | £225,000 | FLAT 4 ARDMORE HOUSE HAMBROUGH ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 21 Jan 2009. Using an estimated price of £291,674 means this house is valued at £4,937 per sq meter (£458 per sq foot).
The average size of a house on HAMBROUGH ROAD is 70 sq meters (761 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Pier Street | |
| Oct 2024 | Anti-social behaviour | On or near Pier Street | |
| Sep 2024 | Drugs | Investigation complete; no suspect identified | On or near Pier Street |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Pier Street |
| Sep 2024 | Violence and sexual offences | Formal action is not in the public interest | On or near Church Street |