£317,559
This estimated value is based upon the latest sale price for the house of £245,000 on 8 Mar 2017. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £245,000 | 8 Mar 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 March 2017 the House Price Index for ISLE OF WIGHT was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £245,000 results in an estimated price of approximately £317,559.
| 8 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 148.6 | 29.616 % | £245,000 | £72,559 | £317,559 |
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 | 55.649 % | £136,341 | £381,341 |
| 3 Month Average | 15.710 % | £38,488 | £283,488 |
| 6 Month Average | 27.231 % | £66,714 | £311,714 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £173,027 | £170,000 | 8A ROPEWORKS COURT, 6 MILL HILL ROAD |
| 15 Dec 2023 | £188,295 | £185,000 | FLAT F 2 - 8 BIRMINGHAM ROAD |
| 8 Nov 2023 | £172,555 | £170,000 | FLAT 7 ROPEWORKS COURT, 6 MILL HILL ROAD |
| 7 Feb 2023 | £1,638,897 | £1,640,000 | WESTBOURNE HOUSE, 43 BIRMINGHAM ROAD |
| 3 Nov 2022 | £195,630 | £198,000 | FLAT 2 5 MILL HILL ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 4 Mar 2013. Using an estimated price of £317,559 means this house is valued at £4,536 per sq meter (£421 per sq foot).
The average size of a house on BIRMINGHAM ROAD is 136 sq meters (1,472 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Westhill Road |
| Mar 2024 | Anti-social behaviour | On or near Westhill Road | |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Westhill Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Westhill Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Police Station |