£129,287
This estimated value is based upon the latest sale price for the house of £120,500 on 29 Jun 2021. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £120,500 | 29 Jun 2021 |
| £111,000 | 30 Nov 2010 |
| £42,000 | 14 Jan 2000 |
| £27,000 | 30 Aug 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 June 2021 the House Price Index for ISLE OF WIGHT was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £120,500 results in an estimated price of approximately £129,287.
| 29 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £120,500 | £8,787 | £129,287 |
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 | -12.531 % | £-15,100 | £105,399 |
| 3 Month Average | 12.650 % | £15,242 | £135,742 |
| 6 Month Average | 1.690 % | £2,036 | £122,536 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £133,984 | £132,000 | FLAT 10 ROSE COURT, 48 MELVILLE STREET |
| 24 Nov 2023 | £304,508 | £300,000 | 9 MELVILLE STREET |
| 29 Sep 2023 | £136,748 | £135,000 | FLAT 4 ROSE COURT, 48 MELVILLE STREET |
| 31 Aug 2023 | £90,794 | £90,000 | FLAT 4 WRAFTON HOUSE, 46 MELVILLE STREET |
| 30 Aug 2023 | £136,191 | £135,000 | FLAT 11 ROSE COURT, 48 MELVILLE STREET |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 1 Sep 2020. Using an estimated price of £129,287 means this house is valued at £2,268 per sq meter (£210 per sq foot).
The average size of a house on MELVILLE STREET is 79 sq meters (860 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near A3055 |
| Mar 2024 | Vehicle crime | Under investigation | On or near A3055 |
| Dec 2023 | Anti-social behaviour | On or near A3055 | |
| Dec 2023 | Anti-social behaviour | On or near A3055 | |
| Dec 2023 | Anti-social behaviour | On or near A3055 |