£223,067
This estimated value is based upon the latest sale price for the house of £199,950 on 25 Aug 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 |
---|---|
£199,950 | 25 Aug 2021 |
£150,000 | 3 Jun 2011 |
£138,000 | 16 May 2008 |
£125,000 | 7 Mar 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 51 sq meters or 548 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 2021 the House Price Index for ISLE OF WIGHT was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £199,950 results in an estimated price of approximately £223,067.
25 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
133.2 | 148.6 | 11.562 % | £199,950 | £23,117 | £223,067 |
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 | 123.389 % | £246,716 | £446,666 |
3 Month Average | 30.060 % | £60,104 | £260,054 |
6 Month Average | 12.253 % | £24,500 | £224,450 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £205,597 | £202,000 | THE CABIN NELSON LANE |
21 Jul 2023 | £155,087 | £153,000 | FLAT 5 NELSON MANSIONS, 1 NELSON PLACE |
14 Jul 2023 | £182,456 | £180,000 | FLAT 11 SOLENT COURT ESPLANADE |
26 Aug 2022 | £144,611 | £145,000 | FLAT 10 ARABIAN LODGE, 20 CASTLE STREET |
21 Jun 2022 | £138,964 | £137,000 | FLAT 8 NELSON MANSIONS, 1 NELSON PLACE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 20 May 2021. Using an estimated price of £223,067 means this house is valued at £4,373 per sq meter (£406 per sq foot).
The average size of a house on ESPLANADE is 65 sq meters (708 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Nelson Lane |
Mar 2024 | Burglary | Under investigation | On or near Esplanade |
Mar 2024 | Anti-social behaviour | On or near Esplanade | |
Mar 2024 | Public order | Under investigation | On or near Esplanade |
Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Esplanade |