£296,058
This estimated value is based upon the latest sale price for the house of £240,000 on 13 Dec 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 |
|---|---|
| £240,000 | 13 Dec 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 December 2018 the House Price Index for ISLE OF WIGHT was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £240,000 results in an estimated price of approximately £296,058.
| 13 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £240,000 | £56,058 | £296,058 |
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 | 50.248 % | £120,596 | £360,596 |
| 3 Month Average | 21.474 % | £51,537 | £291,537 |
| 6 Month Average | 19.382 % | £46,517 | £286,517 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jun 2022 | £337,266 | £332,500 | 67 VICTORIA ROAD |
| 19 Apr 2022 | £360,430 | £350,000 | 80 VICTORIA ROAD |
| 1 Apr 2022 | £145,202 | £141,000 | FLAT 3 ORCHARD HOUSE ORCHARD PLACE |
| 24 Mar 2022 | £259,066 | £250,000 | 68 VICTORIA ROAD |
| 4 Feb 2022 | £246,443 | £235,000 | 7 FELLOWS ROAD |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 5 Sep 2018. Using an estimated price of £296,059 means this house is valued at £2,691 per sq meter (£250 per sq foot).
The average size of a house on VICTORIA ROAD is 100 sq meters (1,080 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Victoria Road | |
| Jan 2024 | Anti-social behaviour | On or near Victoria Road | |
| Jan 2024 | Anti-social behaviour | On or near Victoria Road | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Fellows Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Alexandra Road |