£286,193
This estimated value is based upon the latest sale price for the house of £180,000 on 6 May 2008. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £180,000 | 6 May 2008 |
| £89,950 | 5 Jun 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 74 sq meters or 797 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 May 2008 the House Price Index for ISLE OF WIGHT was 93.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.996%.Applying this 58.996% change to the original purchase price of £180,000 results in an estimated price of approximately £286,193.
| 6 May 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.5 | 148.6 | 58.996 % | £180,000 | £106,193 | £286,193 |
The Postcode Pricing Model uses changes in average sales price within the PO37 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 | -46.640 % | £-83,952 | £96,047 |
| 3 Month Average | 0.259 % | £465 | £180,465 |
| 6 Month Average | 6.721 % | £12,097 | £192,097 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £145,547 | £143,000 | APARTMENT 1 BEATRICE COURT, 16 HOPE ROAD |
| 24 Mar 2023 | £74,956 | £74,250 | APARTMENT 15 BEATRICE COURT, 16 HOPE ROAD |
| 18 Feb 2023 | £119,919 | £120,000 | APARTMENT 3 BEATRICE COURT, 16 HOPE ROAD |
| 10 Feb 2023 | £79,946 | £80,000 | FLAT 7 MIMOSA COURT, 2 HOPE ROAD |
| 30 Nov 2022 | £59,282 | £60,000 | APARTMENT 10 BEATRICE COURT, 16 HOPE ROAD |
This house has a floor area of 74 sq meters or 797 sq feet when measured on 28 Feb 2011. Using an estimated price of £286,194 means this house is valued at £3,862 per sq meter (£358 per sq foot).
The average size of a house on HOPE ROAD is 66 sq meters (716 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hope Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near East Mount Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Parking Area |