£457,081
This estimated value is based upon the latest sale price for the house of £370,000 on 7 Jan 2019. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £370,000 | 7 Jan 2019 |
| £210,000 | 14 Jun 2002 |
| £98,500 | 1 Sep 1997 |
| Detached |
| Freehold |
| Floor Area: 124 sq meters or 1,334 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 January 2019 the House Price Index for ISLE OF WIGHT was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £370,000 results in an estimated price of approximately £457,081.
| 7 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.536 % | £370,000 | £87,081 | £457,081 |
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 | 19.507 % | £72,175 | £442,175 |
| 3 Month Average | 55.147 % | £204,045 | £574,045 |
| 6 Month Average | 33.757 % | £124,900 | £494,900 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £157,760 | £155,000 | FLAT 1 MOUNTBATTEN HOUSE, 17 PARTLANDS AVENUE |
| 10 Jul 2023 | £108,460 | £107,000 | FLAT 2 21 PARTLANDS AVENUE |
| 22 Mar 2023 | £393,709 | £390,000 | 17 SOVEREIGN WAY |
| 30 Jun 2022 | £157,222 | £155,000 | FLAT 5 11 PARTLANDS AVENUE |
| 20 Dec 2021 | £139,225 | £129,950 | FLAT 5 15 PARTLANDS AVENUE |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 29 Aug 2018. Using an estimated price of £457,081 means this house is valued at £3,686 per sq meter (£342 per sq foot).
The average size of a house on SOVEREIGN WAY is 142 sq meters (1,529 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Local resolution | On or near Partlands Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Partlands Avenue |
| Dec 2023 | Anti-social behaviour | On or near Partlands Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Partlands Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Partlands Avenue |