£245,808
This estimated value is based upon the latest sale price for the house of £205,000 on 14 Aug 2020. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £205,000 | 14 Aug 2020 |
| £145,000 | 28 Aug 2015 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2020 the House Price Index for ISLE OF WIGHT was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £205,000 results in an estimated price of approximately £245,808.
| 14 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £205,000 | £40,808 | £245,808 |
The Postcode Pricing Model uses changes in average sales price within the PO31 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 | 41.808 % | £85,706 | £290,706 |
| 3 Month Average | 26.069 % | £53,441 | £258,441 |
| 6 Month Average | 18.128 % | £37,163 | £242,163 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jul 2023 | £253,411 | £250,000 | 19 WESTWOOD CLOSE |
| 27 Jun 2022 | £258,655 | £255,000 | 1 WESTWOOD CLOSE |
| 20 Jun 2022 | £228,225 | £225,000 | 37 PARKLANDS AVENUE |
| 25 Mar 2022 | £295,335 | £285,000 | 5 KING JAMES CLOSE |
| 20 Dec 2021 | £267,844 | £250,000 | 5 PARKLANDS AVENUE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 16 Jun 2020. Using an estimated price of £245,809 means this house is valued at £3,414 per sq meter (£317 per sq foot).
The average size of a house on WESTWOOD CLOSE is 81 sq meters (880 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Local resolution | On or near King James Close |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near King James Close |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Reynolds Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Edinburgh Close |