£165,554
This estimated value is based upon the latest sale price for the house of £166,000 on 16 Aug 2022. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £166,000 | 16 Aug 2022 |
| £125,000 | 14 Nov 2008 |
| £178,500 | 8 Aug 2006 |
| £59,000 | 1 Dec 2000 |
| £42,500 | 15 Mar 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 80 sq meters or 861 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 August 2022 the House Price Index for ISLE OF WIGHT was 149.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.268%.Applying this -0.268% change to the original purchase price of £166,000 results in an estimated price of approximately £165,554.
| 16 Aug 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.6 | -0.268 % | £166,000 | £-445 | £165,554 |
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 | -30.808 % | £-51,140 | £114,859 |
| 3 Month Average | 25.302 % | £42,001 | £208,001 |
| 6 Month Average | 12.142 % | £20,155 | £186,155 |
| 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 |
| 22 Nov 2023 | £152,254 | £150,000 | FLAT 9 VERNON HOUSE, 20 WOOD 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 |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 12 Aug 2021. Using an estimated price of £165,554 means this house is valued at £2,069 per sq meter (£192 per sq foot).
The average size of a house on VERNON SQUARE is 95 sq meters (1,023 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Local resolution | On or near St George'S Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St George'S Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Belvedere Street |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Belvedere Street |
| Mar 2024 | Vehicle crime | Under investigation | On or near A3055 |