£699,596
This estimated value is based upon the latest sale price for the house of £438,000 on 24 Jan 2014. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £438,000 | 24 Jan 2014 |
| £400,000 | 11 Oct 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 January 2014 the House Price Index for ISLE OF WIGHT was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £438,000 results in an estimated price of approximately £699,596.
| 24 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.6 | 59.725 % | £438,000 | £261,596 | £699,596 |
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 | 53.281 % | £233,372 | £671,372 |
| 3 Month Average | 43.878 % | £192,184 | £630,184 |
| 6 Month Average | 38.845 % | £170,141 | £608,141 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £671,753 | £660,000 | TRINITY HOUSE THE GROVE |
| 14 Sep 2023 | £263,367 | £260,000 | BARS HILL COTTAGE BARS HILL |
| 12 Sep 2023 | £93,192 | £92,000 | THE MARINE GALLERY TUDOR BUILDINGS BATH ROAD |
| 10 Aug 2023 | £453,971 | £450,000 | FLAT 1 REGATTA HOUSE, 18 BATH ROAD |
| 12 Aug 2022 | £277,254 | £278,000 | 11A BATH ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 8 Feb 2013. Using an estimated price of £699,597 means this house is valued at £8,134 per sq meter (£755 per sq foot).
The average size of a house on THE PARADE is 72 sq meters (776 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near The Parade |
| Dec 2023 | Anti-social behaviour | On or near The Parade | |
| Dec 2023 | Anti-social behaviour | On or near The Parade | |
| Dec 2023 | Anti-social behaviour | On or near The Parade | |
| Dec 2023 | Anti-social behaviour | On or near The Parade |