£363,909
This estimated value is based upon the latest sale price for the house of £150,000 on 25 Mar 2003. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £150,000 | 25 Mar 2003 |
| Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 2003 the House Price Index for ISLE OF WIGHT was 61.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 142.606%.Applying this 142.606% change to the original purchase price of £150,000 results in an estimated price of approximately £363,909.
| 25 Mar 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 61.3 | 148.6 | 142.606 % | £150,000 | £213,909 | £363,909 |
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 | 117.089 % | £175,634 | £325,634 |
| 3 Month Average | 173.967 % | £260,950 | £410,950 |
| 6 Month Average | 142.411 % | £213,616 | £363,616 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £232,979 | £230,000 | 34 SOMERSET ROAD |
| 21 Apr 2023 | £283,048 | £280,000 | 27 ARUNDEL ROAD |
| 24 Mar 2023 | £126,189 | £125,000 | FLAT 9 ROYSTON, 33 HIGH PARK ROAD |
| 7 Feb 2023 | £324,781 | £325,000 | 1 BANBURY CLOSE |
| 19 May 2022 | £275,134 | £269,950 | 38 SOMERSET ROAD |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 23 May 2014. Using an estimated price of £363,909 means this house is valued at £3,713 per sq meter (£344 per sq foot).
The average size of a house on SOMERSET ROAD is 83 sq meters (899 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Banbury Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Marlborough Road |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Marlborough Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Marlborough Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Marlborough Road |