£109,818
This estimated value is based upon the latest sale price for the house of £74,500 on 20 Mar 2015. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £74,500 | 20 Mar 2015 |
| £110,000 | 15 Dec 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 505 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 2015 the House Price Index for ISLE OF WIGHT was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £74,500 results in an estimated price of approximately £109,818.
| 20 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.6 | 47.407 % | £74,500 | £35,318 | £109,818 |
The Postcode Pricing Model uses changes in average sales price within the PO37 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 | -49.931 % | £-37,198 | £37,301 |
| 3 Month Average | 9.621 % | £7,167 | £81,667 |
| 6 Month Average | 12.982 % | £9,671 | £84,171 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £205,036 | £202,000 | 31 NORTH ROAD |
| 3 Nov 2023 | £233,456 | £230,000 | 7 SCINDE CRESCENT |
| 10 Mar 2023 | £589,554 | £584,000 | 8 PALMERSTON ROAD |
| 29 Jul 2022 | £190,513 | £190,000 | 4 SCINDE CRESCENT |
| 30 Jun 2022 | £157,222 | £155,000 | FLAT 5 THORNBURY, 1 ALEXANDRA ROAD |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 26 Sep 2014. Using an estimated price of £109,818 means this house is valued at £2,336 per sq meter (£217 per sq foot).
The average size of a house on PALMERSTON ROAD is 79 sq meters (850 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cross Street |
| Feb 2024 | Theft from the person | Under investigation | On or near Cross Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cross Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cross Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cross Street |