£322,027
This estimated value is based upon the latest sale price for the house of £65,000 on 20 Oct 1997. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £65,000 | 20 Oct 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,043 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 October 1997 the House Price Index for ISLE OF WIGHT was 30.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 395.428%.Applying this 395.428% change to the original purchase price of £65,000 results in an estimated price of approximately £322,027.
| 20 Oct 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 148.6 | 395.428 % | £65,000 | £257,027 | £322,027 |
The Postcode Pricing Model uses changes in average sales price within the PO33 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 | 383.892 % | £249,529 | £314,529 |
| 3 Month Average | 465.124 % | £302,330 | £367,330 |
| 6 Month Average | 393.828 % | £255,988 | £320,988 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £238,044 | £235,000 | 20 VICTORIA CRESCENT |
| 4 Aug 2023 | £155,359 | £154,000 | FLAT 3 FLORENCE VIEW COURT, 38 ALEXANDRA ROAD |
| 11 Jul 2023 | £415,593 | £410,000 | 22 ELM CLOSE |
| 28 Apr 2023 | £435,691 | £431,000 | 2 GASSIOT GREEN ROAD |
| 17 Mar 2023 | £269,035 | £266,500 | 25 VICTORIA CRESCENT |
This house has a floor area of 96 sq meters or 1,043 sq feet when measured on 7 Jul 2011. Using an estimated price of £322,028 means this house is valued at £3,320 per sq meter (£308 per sq foot).
The average size of a house on ELM CLOSE is 128 sq meters (1,385 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Crescent |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Crescent |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Gassiot Green Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Gassiot Green Road |
| Dec 2023 | Violence and sexual offences | Offender given a caution | On or near Carlton Road |