£223,000
This estimated value is based upon the latest sale price for the house of £130,000 on 27 Jan 2011. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £130,000 | 27 Jan 2011 |
| £95,000 | 24 Oct 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 96 sq meters or 1,033 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 2011 the House Price Index for ISLE OF WIGHT was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.539%.Applying this 71.539% change to the original purchase price of £130,000 results in an estimated price of approximately £223,000.
| 27 Jan 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.539 % | £130,000 | £93,000 | £223,000 |
The Postcode Pricing Model uses changes in average sales price within the PO39 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 | 71.806 % | £93,347 | £223,347 |
| 3 Month Average | 46.901 % | £60,971 | £190,971 |
| 6 Month Average | 57.408 % | £74,630 | £204,630 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Aug 2023 | £1,057,249 | £1,048,000 | 4 HEADON REACH ALUM BAY NEW ROAD |
| 22 Jun 2023 | £885,729 | £875,000 | 1 HEADON REACH ALUM BAY NEW ROAD |
| 9 Jan 2023 | £890,804 | £895,000 | 6 HEADON REACH ALUM BAY NEW ROAD |
| 24 Oct 2022 | £865,679 | £875,000 | 5 HEADON REACH ALUM BAY NEW ROAD |
| 14 Sep 2022 | £491,035 | £495,000 | BAY TREE COTTAGE CHURCH HILL |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 18 Jan 2018. Using an estimated price of £223,000 means this house is valued at £2,322 per sq meter (£215 per sq foot).
The average size of a house on ALUM BAY NEW ROAD is 182 sq meters (1,961 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Cranstoun Close |
| Feb 2024 | Violence and sexual offences | Local resolution | On or near Alum Bay Old Road |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near St Saviour'S Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Weston Road |
| Mar 2024 | Anti-social behaviour | On or near Sports/Recreation Area |