£249,863
This estimated value is based upon the latest sale price for the house of £80,000 on 24 Jan 2002. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £80,000 | 24 Jan 2002 |
| Flats/Maisonettes |
| Leasehold |
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 2002 the House Price Index for ISLE OF WIGHT was 47.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 212.329%.Applying this 212.329% change to the original purchase price of £80,000 results in an estimated price of approximately £249,863.
| 24 Jan 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 47.6 | 148.6 | 212.329 % | £80,000 | £169,863 | £249,863 |
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 | 173.399 % | £138,719 | £218,719 |
| 3 Month Average | 261.005 % | £208,803 | £288,803 |
| 6 Month Average | 210.175 % | £168,139 | £248,139 |
| 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 |
| 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 |
| 30 Aug 2023 | £136,191 | £135,000 | FLAT 11 ROSE COURT, 48 MELVILLE STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near A3055 |
| Mar 2024 | Vehicle crime | Under investigation | On or near A3055 |
| Dec 2023 | Anti-social behaviour | On or near A3055 | |
| Dec 2023 | Anti-social behaviour | On or near A3055 | |
| Dec 2023 | Anti-social behaviour | On or near A3055 |