£197,042
This estimated value is based upon the latest sale price for the house of £125,000 on 31 Jul 2007. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £125,000 | 31 Jul 2007 |
| £87,500 | 29 Aug 2003 |
| Terraced |
| Freehold |
| Floor Area: 52 sq meters or 559 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 2007 the House Price Index for ISLE OF WIGHT was 94.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.634%.Applying this 57.634% change to the original purchase price of £125,000 results in an estimated price of approximately £197,042.
| 31 Jul 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 148.6 | 57.634 % | £125,000 | £72,042 | £197,042 |
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 | 31.157 % | £38,946 | £163,946 |
| 3 Month Average | 79.728 % | £99,659 | £224,659 |
| 6 Month Average | 57.003 % | £71,253 | £196,253 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2023 | £197,122 | £195,000 | 16 BANK GARDENS |
| 24 Feb 2023 | £71,952 | £72,000 | 78B HIGH STREET |
| 25 Jul 2022 | £155,418 | £155,000 | 31 GREEN STREET |
| 16 May 2022 | £142,179 | £139,500 | 25 GREEN STREET |
| 25 Mar 2022 | £162,952 | £157,250 | 15 BANK GARDENS |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 16 May 2012. Using an estimated price of £197,043 means this house is valued at £3,789 per sq meter (£352 per sq foot).
The average size of a house on HIGH STREET is 78 sq meters (841 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bank Gardens |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Bank Gardens |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bank Gardens |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bank Gardens |
| Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Bank Gardens |