£234,865
This estimated value is based upon the latest sale price for the house of £195,000 on 16 Mar 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 |
|---|---|
| £195,000 | 16 Mar 2020 |
| £162,500 | 12 Oct 2007 |
| Terraced |
| Freehold |
| Floor Area: 105 sq meters or 1,130 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 2020 the House Price Index for ISLE OF WIGHT was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £195,000 results in an estimated price of approximately £234,865.
| 16 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £195,000 | £39,865 | £234,865 |
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 | 56.803 % | £110,765 | £305,765 |
| 3 Month Average | 6.392 % | £12,463 | £207,463 |
| 6 Month Average | 17.825 % | £34,759 | £229,759 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £241,082 | £238,000 | 23 ALBERT STREET |
| 29 Aug 2023 | £242,118 | £240,000 | 27 ALBERT STREET |
| 28 Jun 2023 | £187,268 | £185,000 | 43 ALBERT STREET |
| 14 Oct 2022 | £247,337 | £250,000 | 84 PARK ROAD |
| 29 Jul 2022 | £247,667 | £247,000 | 56 ALBERT STREET |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 12 Sep 2019. Using an estimated price of £234,865 means this house is valued at £2,236 per sq meter (£207 per sq foot).
The average size of a house on PARK ROAD is 113 sq meters (1,221 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Blackberry Lane | |
| Feb 2024 | Anti-social behaviour | On or near Blackberry Lane | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Blackberry Lane |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Albert Street |
| Mar 2024 | Anti-social behaviour | On or near Princes Street |