£137,235
This estimated value is based upon the latest sale price for the house of £100,000 on 15 Jan 2016. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £100,000 | 15 Jan 2016 |
| £94,950 | 20 May 2004 |
| £84,950 | 6 Dec 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 505 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 2016 the House Price Index for ISLE OF WIGHT was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £100,000 results in an estimated price of approximately £137,235.
| 15 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £100,000 | £37,235 | £137,235 |
The Postcode Pricing Model uses changes in average sales price within the PO37 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 | -54.096 % | £-54,095 | £45,904 |
| 3 Month Average | 0.875 % | £875 | £100,875 |
| 6 Month Average | 2.159 % | £2,158 | £102,158 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £45,676 | £45,000 | 49A HIGH STREET |
| 3 Aug 2023 | £105,927 | £105,000 | 53C HIGH STREET |
| 19 Jun 2023 | £254,078 | £251,000 | 19 SALEM ROAD |
| 10 Mar 2023 | £122,403 | £121,250 | FLAT 7A RYCHRIS COURT, 8 VICTORIA AVENUE |
| 10 Feb 2023 | £169,886 | £170,000 | FLAT 4 2 SALEM ROAD |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 1 May 2014. Using an estimated price of £137,235 means this house is valued at £2,919 per sq meter (£271 per sq foot).
The average size of a house on VICTORIA AVENUE is 95 sq meters (1,026 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Formal action is not in the public interest | On or near Salem Road |
| Feb 2024 | Public order | Under investigation | On or near High Street |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near High Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near High Street |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Paddock Road |