£171,984
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 47.0.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 121.915%.Applying this 121.915% change to the original purchase price of £77,500 results in an estimated price of approximately £171,984.
20 Feb 2004 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
47.0 | 104.3 | 121.915 % | £77,500 | £94,484 | £171,984 |
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 | 95.827 % | £74,266 | £151,766 |
3 Month Average | 84.312 % | £65,341 | £142,841 |
6 Month Average | 99.749 % | £77,305 | £154,805 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Nov 2023 | £161,152 | £150,800 | FLAT 5 REDCLIFFE, 34 ESPLANADE |
14 Apr 2023 | £264,452 | £250,000 | FLAT 6 CRESCENT COURT EAST MOUNT ROAD |
8 Dec 2022 | £167,421 | £161,000 | FLAT 2 EASTCLIFF COURT CRESCENT ROAD |
1 Jun 2022 | £372,500 | £350,000 | FLAT 15 EASTCLIFF COURT, 1 EASTCLIFF PROMENADE |
23 May 2022 | £219,523 | £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 £171,984 means this house is valued at £2,327 per sq meter (£216 per sq foot).
The average size of a house on ESPLANADE is 70 sq meters (756 sq feet).