£174,073
This estimated value is based upon the latest sale price for the house of £125,000 on 27 Nov 2015. This value is then adjusted by the current Official House Price Index for HAMPSHIRE 1
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| Price Paid | Date |
|---|---|
| £125,000 | 27 Nov 2015 |
| £82,000 | 17 Dec 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 November 2015 the House Price Index for HAMPSHIRE was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £125,000 results in an estimated price of approximately £174,073.
| 27 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £125,000 | £49,073 | £174,073 |
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 | 9.497 % | £11,871 | £136,871 |
| 3 Month Average | 2.075 % | £2,593 | £127,593 |
| 6 Month Average | 23.901 % | £29,875 | £154,875 |
| 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 |
| 16 May 2022 | £176,322 | £173,000 | FLAT 11 SPITHEAD HOUSE REDLANDS LANE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 21 Jan 2016. Using an estimated price of £174,073 means this house is valued at £2,290 per sq meter (£212 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 | Violence and sexual offences | Unable to prosecute suspect | On or near Fayre Road |
| Feb 2024 | Anti-social behaviour | On or near Fayre Road | |
| Feb 2024 | Anti-social behaviour | On or near Fayre Road | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fayre Road |
| Feb 2024 | Anti-social behaviour | On or near Fayre Road |