£56,400
This estimated value is based upon the latest sale price for the house of £47,500 on 30 Sep 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 |
|---|---|
| £47,500 | 30 Sep 2020 |
| £465,000 | 17 Mar 2014 |
| Freehold |
| Floor Area: 124 sq meters or 1,334 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 September 2020 the House Price Index for ISLE OF WIGHT was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £47,500 results in an estimated price of approximately £56,400.
| 30 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.6 | 18.738 % | £47,500 | £8,900 | £56,400 |
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 | 6.445 % | £3,061 | £50,561 |
| 3 Month Average | 16.531 % | £7,852 | £55,352 |
| 6 Month Average | 12.796 % | £6,078 | £53,578 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £491,282 | £485,000 | 5 CLIFF ROAD |
| 7 Aug 2023 | £580,075 | £575,000 | FLAT 4 EGYPT REACH, 33 BARING ROAD |
| 21 Jul 2023 | £182,456 | £180,000 | FLAT 11 THORNESS HOUSE, 6 CLIFF ROAD |
| 7 Jul 2023 | £755,164 | £745,000 | 35 BARING ROAD |
| 27 Jun 2023 | £1,315,940 | £1,300,000 | 2A CLIFF ROAD |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 18 Jul 2012. Using an estimated price of £56,401 means this house is valued at £454 per sq meter (£42 per sq foot).
The average size of a house on BARING ROAD is 153 sq meters (1,648 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Baring Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Baring Drive |
| Jan 2024 | Violence and sexual offences | Local resolution | On or near Baring Drive |
| Mar 2024 | Anti-social behaviour | On or near Ward Avenue | |
| Mar 2024 | Burglary | Under investigation | On or near Mountbatten Avenue |