£69,629
This estimated value is based upon the latest sale price for the house of £50,000 on 16 Nov 2015. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
There has been one burglary within the last year on or near Lucerne Road
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| Price Paid | Date |
|---|---|
| £50,000 | 16 Nov 2015 |
| Detached |
| Freehold |
| Floor Area: 170 sq meters or 1,829 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 November 2015 the House Price Index for ISLE OF WIGHT was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £50,000 results in an estimated price of approximately £69,629.
| 16 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £50,000 | £19,629 | £69,629 |
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 | -36.234 % | £-18,117 | £31,882 |
| 3 Month Average | -1.766 % | £-883 | £49,116 |
| 6 Month Average | 7.837 % | £3,918 | £53,918 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Sep 2023 | £263,367 | £260,000 | 17 LANDGUARD MANOR ROAD |
| 28 Apr 2023 | £156,687 | £155,000 | FLAT 1 ATHERLEY COURT, 87 REGENT STREET |
| 25 Nov 2022 | £316,170 | £320,000 | 11 DUNCROFT GARDENS |
| 2 Aug 2022 | £144,611 | £145,000 | FLAT 3 LUCERNE VILLAS, 5 LUCERNE ROAD |
| 30 Mar 2022 | £466,318 | £450,000 | 18 WILTON PARK ROAD |
This house has a floor area of 170 sq meters or 1,829 sq feet when measured on 7 Aug 2018. Using an estimated price of £69,629 means this house is valued at £409 per sq meter (£38 per sq foot).
The average size of a house on LUCERNE ROAD is 93 sq meters (1,007 sq feet).
This house is the largest in the street with a floor area of 170 sq meters (1,829 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lucerne Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lucerne Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lucerne Road |
| Feb 2024 | Burglary | Awaiting court outcome | On or near Lucerne Road |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Lucerne Road |