£396,241
This estimated value is based upon the latest sale price for the house of £275,000 on 29 May 2015. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £275,000 | 29 May 2015 |
| Semi-Detached |
| Leasehold |
| Floor Area: 132 sq meters or 1,420 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 2015 the House Price Index for ISLE OF WIGHT was 101.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 44.088%.Applying this 44.088% change to the original purchase price of £275,000 results in an estimated price of approximately £396,241.
| 29 May 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 146.7 | 44.088 % | £275,000 | £121,241 | £396,241 |
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 | 31.618 % | £86,948 | £361,948 |
| 3 Month Average | 79.387 % | £218,314 | £493,314 |
| 6 Month Average | 55.683 % | £153,128 | £428,128 |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 26 Aug 2014.
The average size of a house on MELVILLE STREET is 79 sq meters (860 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Local resolution | On or near St George'S Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St George'S Close |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near George Street |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near George Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near George Street |