£165,415
This estimated value is based upon the latest sale price for the house of £77,500 on 20 Feb 2004. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £77,500 | 20 Feb 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 73 sq meters or 795 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 February 2004 the House Price Index for ISLE OF WIGHT was 70.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 113.439%.Applying this 113.439% change to the original purchase price of £77,500 results in an estimated price of approximately £165,415.
| 20 Feb 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 149.7 | 113.439 % | £77,500 | £87,915 | £165,415 |
The Postcode Pricing Model uses changes in average sales price within the PO37 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 | 70.143 % | £54,361 | £131,861 |
| 3 Month Average | 55.258 % | £42,825 | £120,325 |
| 6 Month Average | 81.140 % | £62,883 | £140,383 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £154,728 | £150,800 | FLAT 5 REDCLIFFE, 34 ESPLANADE |
| 10 Aug 2023 | £254,541 | £249,950 | FLAT 7 SAMANTHA COURT, 14 CRESCENT ROAD |
| 14 Apr 2023 | £254,765 | £250,000 | FLAT 6 CRESCENT COURT EAST MOUNT ROAD |
| 1 Jun 2022 | £357,645 | £350,000 | FLAT 15 EASTCLIFF COURT, 1 EASTCLIFF PROMENADE |
| 23 May 2022 | £210,484 | £205,000 | FLAT 10 EASTCLIFF COURT CRESCENT ROAD |
This house has a floor area of 73 sq meters or 795 sq feet when measured on 26 Mar 2009. Using an estimated price of £165,416 means this house is valued at £2,238 per sq meter (£208 per sq foot).
The average size of a house on ESPLANADE is 70 sq meters (756 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Esplanade |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Eastcliff Promenade |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Eastcliff Promenade |
| Jul 2024 | Anti-social behaviour | On or near Eastcliff Promenade | |
| Jul 2024 | Anti-social behaviour | On or near Eastcliff Promenade |