£192,811
This estimated value is based upon the latest sale price for the house of £155,000 on 13 Jun 2018. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £155,000 | 13 Jun 2018 |
| £129,950 | 26 Mar 2004 |
| £93,000 | 7 Feb 2003 |
| £57,500 | 3 Dec 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 53 sq meters or 570 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 June 2018 the House Price Index for ISLE OF WIGHT was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £155,000 results in an estimated price of approximately £192,811.
| 13 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £155,000 | £37,811 | £192,811 |
The Postcode Pricing Model uses changes in average sales price within the PO36 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 | 47.307 % | £73,326 | £228,326 |
| 3 Month Average | 52.278 % | £81,031 | £236,031 |
| 6 Month Average | 40.036 % | £62,056 | £217,056 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2023 | £257,930 | £255,500 | 25 LAKE GREEN ROAD |
| 25 Aug 2022 | £325,264 | £326,140 | 31 MEDEWAY |
| 24 Jun 2022 | £157,222 | £155,000 | FLAT 7 ST ANDREWS COURT LAKE HILL |
| 20 Apr 2022 | £391,324 | £380,000 | 4 THE FAIRWAY |
| 28 Mar 2022 | £362,692 | £350,000 | 44 LAKE HILL |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 20 Feb 2018. Using an estimated price of £192,811 means this house is valued at £3,637 per sq meter (£337 per sq foot).
The average size of a house on MILLENNIUM WAY is 64 sq meters (697 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Millennium Way |
| Mar 2024 | Shoplifting | Under investigation | On or near Millennium Way |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Millennium Way |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Millennium Way |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Millennium Way |