£883,550
This estimated value is based upon the latest sale price for the house of £540,000 on 14 Oct 2013. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £540,000 | 14 Oct 2013 |
| £245,000 | 20 Dec 2004 |
| £120,000 | 24 Mar 1999 |
| Detached |
| Freehold |
| Floor Area: 191 sq meters or 2,058 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 October 2013 the House Price Index for ISLE OF WIGHT was 90.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 63.621%.Applying this 63.621% change to the original purchase price of £540,000 results in an estimated price of approximately £883,550.
| 14 Oct 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 148.6 | 63.621 % | £540,000 | £343,550 | £883,550 |
The Postcode Pricing Model uses changes in average sales price within the PO41 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 | 59.867 % | £323,283 | £863,283 |
| 3 Month Average | -0.819 % | £-4,421 | £535,578 |
| 6 Month Average | -4.066 % | £-21,955 | £518,044 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £508,448 | £504,000 | KENT VILLA OMMANNEY ROAD |
| 21 Apr 2023 | £652,020 | £645,000 | WESLAC MILL ROAD |
| 10 Nov 2022 | £518,717 | £525,000 | THE OLD SURGERY STATION ROAD |
| 28 Feb 2022 | £241,200 | £230,000 | 5 TIDES REACH MILL ROAD |
| 13 Jan 2022 | £284,150 | £270,000 | 2 LOCKSLEY MEWS |
This house has a floor area of 191 sq meters or 2,058 sq feet when measured on 25 Jul 2011. Using an estimated price of £883,551 means this house is valued at £4,619 per sq meter (£429 per sq foot).
The average size of a house on VICTORIA ROAD is 124 sq meters (1,337 sq feet).
This house is the largest in the street with a floor area of 191 sq meters (2,058 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Mill Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mill Road |
| Jan 2024 | Anti-social behaviour | On or near Station Road | |
| Jan 2024 | Anti-social behaviour | On or near Station Road | |
| Jan 2024 | Anti-social behaviour | On or near Station Road |