£196,575
This estimated value is based upon the latest sale price for the house of £160,000 on 19 Dec 2018. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
There has been one burglary within the last year on or near St Mary'S Road
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| Price Paid | Date |
|---|---|
| £160,000 | 19 Dec 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 44 sq meters or 473 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 2018 the House Price Index for ISLE OF WIGHT was 120.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.860%.Applying this 22.860% change to the original purchase price of £160,000 results in an estimated price of approximately £196,575.
| 19 Dec 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.0 | 22.860 % | £160,000 | £36,575 | £196,575 |
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 | 18.678 % | £29,885 | £189,885 |
| 3 Month Average | 17.140 % | £27,423 | £187,423 |
| 6 Month Average | 18.521 % | £29,633 | £189,633 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £182,617 | £182,000 | FLAT 8 RALEIGH HOUSE MEDINA GARDENS |
| 21 Aug 2023 | £352,141 | £350,000 | FLAT 28 DRAKE HOUSE MEDINA GARDENS |
| 19 Jul 2023 | £262,483 | £260,000 | FLAT 14 RALEIGH HOUSE MEDINA GARDENS |
| 14 Jul 2023 | £252,387 | £250,000 | FLAT 12 RALEIGH HOUSE MEDINA GARDENS |
| 1 Feb 2023 | £343,376 | £345,000 | FLAT 5 RALEIGH HOUSE MEDINA GARDENS |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 7 Oct 2015. Using an estimated price of £196,576 means this house is valued at £4,467 per sq meter (£415 per sq foot).
The average size of a house on DENMARK ROAD is 95 sq meters (1,030 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Under investigation | On or near St Mary'S Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St Mary'S Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St Mary'S Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St Mary'S Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Granville Road Bridge |