£161,873
This estimated value is based upon the latest sale price for the house of £135,000 on 21 Aug 2020. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £135,000 | 21 Aug 2020 |
| £115,000 | 16 Jun 2006 |
| £105,000 | 21 Nov 2003 |
| £40,000 | 6 Aug 1999 |
| Terraced |
| Freehold |
| Floor Area: 46 sq meters or 495 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 August 2020 the House Price Index for ISLE OF WIGHT was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £135,000 results in an estimated price of approximately £161,873.
| 21 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £135,000 | £26,873 | £161,873 |
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 | 41.808 % | £56,440 | £191,440 |
| 3 Month Average | 26.069 % | £35,192 | £170,192 |
| 6 Month Average | 18.128 % | £24,473 | £159,473 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jan 2023 | £228,922 | £230,000 | 84 GRANVILLE ROAD |
| 7 Apr 2022 | £274,441 | £266,500 | 18 PARK ROAD |
| 18 Feb 2022 | £765,547 | £730,000 | SNOWDON, 37 GRANVILLE ROAD |
| 6 Oct 2021 | £143,953 | £130,100 | FLAT 2 48 GRANVILLE ROAD |
| 30 Sep 2021 | £264,010 | £245,000 | 36 TERMINUS ROAD |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 25 Oct 2018. Using an estimated price of £161,874 means this house is valued at £3,519 per sq meter (£326 per sq foot).
The average size of a house on PARK ROAD is 113 sq meters (1,221 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Court |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Weston Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Weston Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Weston Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Granville Road Bridge |