£225,609
This estimated value is based upon the latest sale price for the house of £132,000 on 16 Mar 2012. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £132,000 | 16 Mar 2012 |
| £78,000 | 21 Jan 2002 |
| £58,500 | 10 Dec 1999 |
| £40,000 | 31 Jan 1997 |
| Terraced |
| Freehold |
| Floor Area: 109 sq meters or 1,183 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 2012 the House Price Index for ISLE OF WIGHT was 86.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.916%.Applying this 70.916% change to the original purchase price of £132,000 results in an estimated price of approximately £225,609.
| 16 Mar 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.9 | 148.6 | 70.916 % | £132,000 | £93,609 | £225,609 |
The Postcode Pricing Model uses changes in average sales price within the PO31 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 | 56.432 % | £74,490 | £206,490 |
| 3 Month Average | 41.418 % | £54,671 | £186,671 |
| 6 Month Average | 30.392 % | £40,116 | £172,116 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £256,997 | £252,500 | 95 PELHAM ROAD |
| 3 Nov 2023 | £258,832 | £255,000 | 84 PELHAM ROAD |
| 3 Nov 2023 | £233,456 | £230,000 | 65 ARCTIC ROAD |
| 20 Sep 2023 | £222,849 | £220,000 | 5 ARCTIC ROAD |
| 22 Aug 2023 | £136,191 | £135,000 | 2 TRENT MEWS |
This house has a floor area of 109 sq meters or 1,183 sq feet when measured on 21 Aug 2009. Using an estimated price of £225,610 means this house is valued at £2,051 per sq meter (£190 per sq foot).
The average size of a house on PELHAM ROAD is 91 sq meters (980 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near South Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near South Road |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near South Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Pelham Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Arctic Road |