£306,894
This estimated value is based upon the latest sale price for the house of £250,000 on 3 Apr 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 |
|---|---|
| £250,000 | 3 Apr 2020 |
| £196,000 | 2 Mar 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 April 2020 the House Price Index for ISLE OF WIGHT was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.758%.Applying this 22.758% change to the original purchase price of £250,000 results in an estimated price of approximately £306,894.
| 3 Apr 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.758 % | £250,000 | £56,894 | £306,894 |
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 | -44.995 % | £-112,486 | £137,513 |
| 3 Month Average | 10.621 % | £26,551 | £276,551 |
| 6 Month Average | 17.987 % | £44,967 | £294,967 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £334,959 | £330,000 | 135 PALLANCE ROAD |
| 3 Nov 2023 | £355,260 | £350,000 | HIGHFIELD PALLANCE LANE |
| 21 Aug 2023 | £287,515 | £285,000 | 139A PALLANCE ROAD |
| 28 Jun 2023 | £57,193 | £56,500 | 136 GURNARD PINES |
| 20 Sep 2022 | £495,995 | £500,000 | 82 PALLANCE ROAD |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 16 Jul 2019. Using an estimated price of £306,895 means this house is valued at £3,372 per sq meter (£313 per sq foot).
The average size of a house on PALLANCE ROAD is 111 sq meters (1,203 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Wyatts Close | |
| Feb 2024 | Anti-social behaviour | On or near Wyatts Close | |
| Mar 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Horseshoe Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Rew Street |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cockleton Lane |