£864,019
This estimated value is based upon the latest sale price for the house of £185,000 on 3 Jul 1998. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £185,000 | 3 Jul 1998 |
| 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 July 1998 the House Price Index for ISLE OF WIGHT was 31.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 367.038%.Applying this 367.038% change to the original purchase price of £185,000 results in an estimated price of approximately £864,019.
| 3 Jul 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 148.6 | 367.038 % | £185,000 | £679,019 | £864,019 |
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 | 342.208 % | £633,084 | £818,084 |
| 3 Month Average | 330.591 % | £611,593 | £796,593 |
| 6 Month Average | 347.862 % | £643,543 | £828,543 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £513,993 | £505,000 | VINE COTTAGE, 12 MARKET HILL |
| 18 Aug 2023 | £519,545 | £515,000 | 2 UNION ROAD |
| 18 Aug 2023 | £315,258 | £312,500 | 11 CROWN COURT MARKET HILL |
| 30 Nov 2022 | £306,290 | £310,000 | 16 CROWN COURT MARKET HILL |
| 17 Aug 2022 | £723,054 | £725,000 | OLDE TOWNE HOUSE UNION ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Market Hill |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Market Hill |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Market Hill |
| Mar 2024 | Violence and sexual offences | Local resolution | On or near Church Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Church Road |