£150,513
This estimated value is based upon the latest sale price for the house of £148,000 on 9 Mar 2023. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £148,000 | 9 Mar 2023 |
| £125,000 | 11 Jun 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 March 2023 the House Price Index for ISLE OF WIGHT was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £148,000 results in an estimated price of approximately £150,513.
| 9 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £148,000 | £2,513 | £150,513 |
The Postcode Pricing Model uses changes in average sales price within the PO40 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 | -42.794 % | £-63,334 | £84,665 |
| 3 Month Average | -32.196 % | £-47,650 | £100,349 |
| 6 Month Average | -29.578 % | £-43,775 | £104,224 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jun 2024 | £62,000 | £62,000 | 2 WALMER HOUSE TENNYSON ROAD |
| 13 May 2024 | £120,000 | £120,000 | 1 WALMER HOUSE TENNYSON ROAD |
| 11 Oct 2023 | £71,627 | £70,000 | ISLE OF WIGHT FLOWERS AVENUE ROAD |
| 5 Oct 2023 | £189,299 | £185,000 | 1 RICHMOND GRANGE RICHMOND CRESCENT |
| 8 Aug 2023 | £152,755 | £150,000 | 7 RICHMOND GRANGE RICHMOND CRESCENT |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 16 Jul 2018. Using an estimated price of £150,514 means this house is valued at £2,894 per sq meter (£268 per sq foot).
The average size of a house on RICHMOND CRESCENT is 78 sq meters (845 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (559 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Richmond Meade |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Richmond Meade |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Richmond Meade |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Richmond Meade |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |