£177,047
This estimated value is based upon the latest sale price for the house of £123,000 on 15 Jul 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 |
|---|---|
| £123,000 | 15 Jul 2015 |
| Terraced |
| Leasehold |
| Floor Area: 90 sq meters or 968 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 July 2015 the House Price Index for ISLE OF WIGHT was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £123,000 results in an estimated price of approximately £177,047.
| 15 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £123,000 | £54,047 | £177,047 |
The Postcode Pricing Model uses changes in average sales price within the PO38 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 | 44.870 % | £55,190 | £178,190 |
| 3 Month Average | 42.403 % | £52,156 | £175,156 |
| 6 Month Average | 67.621 % | £83,173 | £206,173 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £213,733 | £211,000 | 76 NEWPORT ROAD |
| 31 Aug 2023 | £221,942 | £220,000 | 1 CORNWALL ROAD |
| 24 Mar 2023 | £237,235 | £235,000 | 3 SOUTH VIEW NEWPORT ROAD |
| 9 Jan 2023 | £159,250 | £160,000 | 2 LOWTHERVILLE ROAD |
| 29 Jul 2022 | £381,026 | £380,000 | 2A LITTLETON CLOSE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 12 Aug 2014. Using an estimated price of £177,047 means this house is valued at £1,967 per sq meter (£182 per sq foot).
The average size of a house on NEWPORT ROAD is 94 sq meters (1,017 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Unable to prosecute suspect | On or near Cornwall Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cornwall Road |
| Feb 2024 | Public order | Under investigation | On or near Cornwall Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cornwall Road |
| Jan 2024 | Shoplifting | Awaiting court outcome | On or near Cornwall Road |