£479,567
This estimated value is based upon the latest sale price for the house of £312,000 on 11 Jun 2014. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £312,000 | 11 Jun 2014 |
| £305,000 | 22 Jul 2005 |
| £208,000 | 19 Jul 2002 |
| £175,000 | 15 Aug 2000 |
| £114,000 | 2 Sep 1996 |
| Detached |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 June 2014 the House Price Index for ISLE OF WIGHT was 96.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 53.707%.Applying this 53.707% change to the original purchase price of £312,000 results in an estimated price of approximately £479,567.
| 11 Jun 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 148.6 | 53.707 % | £312,000 | £167,567 | £479,567 |
The Postcode Pricing Model uses changes in average sales price within the PO37 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 | -45.716 % | £-142,634 | £169,365 |
| 3 Month Average | 14.648 % | £45,703 | £357,703 |
| 6 Month Average | 16.820 % | £52,478 | £364,478 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £331,742 | £327,500 | 3 ROYAL CLOSE |
| 27 Apr 2023 | £271,422 | £268,500 | 11 WITBANK GARDENS |
| 28 Mar 2023 | £323,043 | £320,000 | 16 PRINCES WAY |
| 15 Nov 2022 | £419,914 | £425,000 | 7 SCOTCHELLS CLOSE |
| 10 Aug 2022 | £375,988 | £377,000 | 15 BEECH TREE DRIVE |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 16 May 2013. Using an estimated price of £479,567 means this house is valued at £3,475 per sq meter (£322 per sq foot).
The average size of a house on SANDY LANE is 120 sq meters (1,293 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Sandy Lane |
| Mar 2024 | Drugs | Local resolution | On or near Sandy Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Coronation Gardens |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Coronation Gardens |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Coronation Gardens |