£287,423
This estimated value is based upon the latest sale price for the house of £233,000 on 12 Dec 2018. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £233,000 | 12 Dec 2018 |
| £181,000 | 22 Jun 2007 |
| £28,910 | 3 Apr 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 67 sq meters or 721 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 December 2018 the House Price Index for ISLE OF WIGHT was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £233,000 results in an estimated price of approximately £287,423.
| 12 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £233,000 | £54,423 | £287,423 |
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 | -57.493 % | £-133,959 | £99,040 |
| 3 Month Average | -2.707 % | £-6,307 | £226,692 |
| 6 Month Average | -2.529 % | £-5,892 | £227,107 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £369,727 | £365,000 | 20 WHITECROSS AVENUE |
| 4 Sep 2023 | £331,742 | £327,500 | 3 ROYAL CLOSE |
| 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 67 sq meters or 721 sq feet when measured on 1 Jun 2018. Using an estimated price of £287,424 means this house is valued at £4,289 per sq meter (£398 per sq foot).
The average size of a house on PRINCES WAY is 86 sq meters (929 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Unable to prosecute suspect | On or near Cedar Drive |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Princes Way |
| 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 |