£111,117
This estimated value is based upon the latest sale price for the house of £108,000 on 10 Jul 2023. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £108,000 | 10 Jul 2023 |
| £112,000 | 24 Oct 2005 |
| £107,950 | 7 Jun 2005 |
| Flats/Maisonettes |
| Leasehold |
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 July 2023 the House Price Index for ISLE OF WIGHT was 145.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.887%.Applying this 2.887% change to the original purchase price of £108,000 results in an estimated price of approximately £111,117.
| 10 Jul 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.5 | 149.7 | 2.887 % | £108,000 | £3,117 | £111,117 |
The Postcode Pricing Model uses changes in average sales price within the PO33 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 | -19.839 % | £-21,426 | £86,573 |
| 3 Month Average | -1.487 % | £-1,606 | £106,393 |
| 6 Month Average | -2.143 % | £-2,314 | £105,685 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £165,072 | £160,000 | 2 JAMES LODGE, 59B GEORGE STREET |
| 16 Aug 2023 | £96,745 | £95,000 | FLAT 3 STRAWBERRY HEIGHTS, 17A UNION ROAD |
| 9 Aug 2023 | £147,663 | £145,000 | 9 SHAPLANDS MEWS, 35 UNION ROAD |
| 7 Jun 2023 | £112,249 | £110,000 | FLAT 1 56 GEORGE STREET |
| 17 Feb 2023 | £191,278 | £190,000 | 15 UNION ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Union Road |
| Jul 2024 | Drugs | Local resolution | On or near Union Road |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Union Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Union Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Union Road |