£345,117
This estimated value is based upon the latest sale price for the house of £165,000 on 24 Feb 2004. 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 Richmond Meade
More crime details
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| Price Paid | Date |
|---|---|
| £165,000 | 24 Feb 2004 |
| Terraced |
| Freehold |
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 Feb 2024 is 146.7 which is a change of 109.162%.Applying this 109.162% change to the original purchase price of £165,000 results in an estimated price of approximately £345,117.
| 24 Feb 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 146.7 | 109.162 % | £165,000 | £180,117 | £345,117 |
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 | 132.323 % | £218,332 | £383,332 |
| 3 Month Average | 107.806 % | £177,880 | £342,880 |
| 6 Month Average | 92.751 % | £153,039 | £318,039 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Richmond Meade |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
| Mar 2024 | Theft from the person | Under investigation | On or near Coopers Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Coopers Close |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Coopers Close |