£259,624
This estimated value is based upon the latest sale price for the house of £195,000 on 23 Aug 2016. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £195,000 | 23 Aug 2016 |
| £155,000 | 4 Jan 2007 |
| Terraced |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 2016 the House Price Index for ISLE OF WIGHT was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £195,000 results in an estimated price of approximately £259,624.
| 23 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £195,000 | £64,624 | £259,624 |
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 | -63.194 % | £-123,227 | £71,772 |
| 3 Month Average | -4.743 % | £-9,249 | £185,750 |
| 6 Month Average | 7.787 % | £15,185 | £210,185 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £255,787 | £252,000 | 56 GREEN LANE |
| 7 Nov 2023 | £432,402 | £426,000 | 14 KING EDWARD CLOSE |
| 28 Feb 2023 | £269,818 | £270,000 | 75 GREEN LANE |
| 15 Jul 2022 | £250,675 | £250,000 | 58 GREEN LANE |
| 29 Apr 2022 | £247,100 | £239,950 | 14 OAKLYN GARDENS |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 7 Jun 2016. Using an estimated price of £259,624 means this house is valued at £2,449 per sq meter (£227 per sq foot).
The average size of a house on OAKLYN GARDENS is 103 sq meters (1,110 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oaklyn Gardens |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Oaklyn Gardens |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near King Edwards Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near King Edwards Close |
| Dec 2023 | Violence and sexual offences | Local resolution | On or near Green Lane |