£281,475
This estimated value is based upon the latest sale price for the house of £165,000 on 4 Jul 2011. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £165,000 | 4 Jul 2011 |
| £160,000 | 27 Nov 2006 |
| £38,000 | 12 Jun 1996 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 946 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 July 2011 the House Price Index for ISLE OF WIGHT was 86.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 70.591%.Applying this 70.591% change to the original purchase price of £165,000 results in an estimated price of approximately £281,475.
| 4 Jul 2011 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 146.7 | 70.591 % | £165,000 | £116,475 | £281,475 |
The Postcode Pricing Model uses changes in average sales price within the PO36 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 | 45.951 % | £75,819 | £240,819 |
| 3 Month Average | 51.935 % | £85,693 | £250,693 |
| 6 Month Average | 52.499 % | £86,623 | £251,623 |
This house has a floor area of 87 sq meters or 946 sq feet when measured on 27 Apr 2011.
The average size of a house on MEDEWAY is 95 sq meters (1,029 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fairmead Close |
| Mar 2024 | Shoplifting | Under investigation | On or near Millennium Way |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Millennium Way |
| Jan 2024 | Shoplifting | Unable to prosecute suspect | On or near Millennium Way |
| Jan 2024 | Shoplifting | Unable to prosecute suspect | On or near Millennium Way |