£372,441
This estimated value is based upon the latest sale price for the house of £252,000 on 27 Feb 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 |
|---|---|
| £252,000 | 27 Feb 2015 |
| £215,000 | 22 Oct 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 92 sq meters or 993 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 February 2015 the House Price Index for ISLE OF WIGHT was 100.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.794%.Applying this 47.794% change to the original purchase price of £252,000 results in an estimated price of approximately £372,441.
| 27 Feb 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.5 | 148.6 | 47.794 % | £252,000 | £120,441 | £372,441 |
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 | 80.569 % | £203,034 | £455,034 |
| 3 Month Average | 38.648 % | £97,393 | £349,393 |
| 6 Month Average | 26.733 % | £67,366 | £319,366 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £353,089 | £350,000 | FLAT 28 DRAKE HOUSE MEDINA GARDENS |
| 19 Jul 2023 | £263,547 | £260,000 | FLAT 14 RALEIGH HOUSE MEDINA GARDENS |
| 14 Jul 2023 | £253,411 | £250,000 | FLAT 12 RALEIGH HOUSE MEDINA GARDENS |
| 1 Feb 2023 | £344,768 | £345,000 | FLAT 5 RALEIGH HOUSE MEDINA GARDENS |
| 6 Jan 2023 | £159,250 | £160,000 | FLAT 1 88 ST MARYS ROAD |
This house has a floor area of 92 sq meters or 993 sq feet when measured on 1 Sep 2011. Using an estimated price of £372,441 means this house is valued at £4,034 per sq meter (£374 per sq foot).
The average size of a house on MEDINA GARDENS is 96 sq meters (1,042 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Granville Road Bridge |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St Mary'S Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St Mary'S Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St Mary'S Road |
| Dec 2023 | Shoplifting | Investigation complete; no suspect identified | On or near Cross Street |