£261,558
This estimated value is based upon the latest sale price for the house of £215,000 on 2 Oct 2018. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £215,000 | 2 Oct 2018 |
| £140,000 | 6 Nov 2014 |
| Leasehold |
| Floor Area: 79 sq meters or 850 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 October 2018 the House Price Index for ISLE OF WIGHT was 120.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.655%.Applying this 21.655% change to the original purchase price of £215,000 results in an estimated price of approximately £261,558.
| 2 Oct 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 146.7 | 21.655 % | £215,000 | £46,558 | £261,558 |
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 | -54.178 % | £-116,481 | £98,518 |
| 3 Month Average | -12.580 % | £-27,046 | £187,953 |
| 6 Month Average | 5.543 % | £11,918 | £226,918 |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 3 May 2012.
The average size of a house on PROSPECT ROAD is 73 sq meters (792 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Prospect Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Prospect Road |
| Dec 2023 | Possession of weapons | Unable to prosecute suspect | On or near Prospect Road |
| Feb 2024 | Public order | Under investigation | On or near High Street |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near High Street |