UPPER FLAT 2, 62, PELLHURST ROAD, RYDE, PO33 3BP - £117,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

UPPER FLAT 2 is a flat, which could now be worth an estimated £126,749. It was last sold for £117,500 in September 2007, which was around 5% below the average September 2007 flat price in the Isle of Wight local authority area.

UPPER FLAT 2 Sold Prices

Land registry data shows four sales for UPPER FLAT 2 since 1^st January 1995. The below table shows the price paid for the four sales, along with the average flat price in the Isle of Wight local authority area for the corresponding sale date. Most of the four UPPER FLAT 2 sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2007 3 SEP	£117,500	£123,788	5% below HPI
2003 14 FEB	£73,000	£78,568	7% below HPI
2001 28 SEP	£60,000	£57,382	5% above HPI
1997 14 NOV	£30,700	£33,324	8% below HPI

What might UPPER FLAT 2 be worth now?

UPPER FLAT 2 might now be worth an estimated £126,749.

This is based on house price inflation of 7.9%, between September 2007 and March 2026, for flats, in the Isle of Wight local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.9% inflationary increase is applied to the most recent sale price for UPPER FLAT 2 of £117,500 on 3rd September 2007. For the value to have increased from £117,500 to £126,749 over the nineteen years and six months to March 2026, the following assumptions must hold true:

• The value of UPPER FLAT 2 has moved in line with the HPI for flats in the Isle of Wight local authority area.
• The September 2007 sale price of £117,500 represented a fair market value for the property.
• The size, condition, and specification of UPPER FLAT 2 has not materially changed since September 2007.