£455,271
This estimated value is based upon the latest sale price for the house of £365,000 on 31 May 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 |
|---|---|
| £365,000 | 31 May 2018 |
| £265,000 | 21 Jun 2013 |
| Detached |
| Freehold |
| Floor Area: 116 sq meters or 1,248 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 May 2018 the House Price Index for ISLE OF WIGHT was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £365,000 results in an estimated price of approximately £455,271.
| 31 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £365,000 | £90,271 | £455,271 |
The Postcode Pricing Model uses changes in average sales price within the PO33 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 | 32.060 % | £117,017 | £482,017 |
| 3 Month Average | 89.609 % | £327,071 | £692,071 |
| 6 Month Average | 57.104 % | £208,430 | £573,430 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Feb 2023 | £483,675 | £484,000 | 3 HUTCHINSON DRIVE |
| 24 Feb 2023 | £549,630 | £550,000 | 4 GREGORY AVENUE |
| 4 Jun 2022 | £684,676 | £675,000 | MEADOW VIEW OAKHILL ROAD |
| 24 May 2022 | £698,155 | £685,000 | HILLTOP LODGE OAKHILL ROAD |
| 15 Dec 2021 | £482,120 | £450,000 | 2 GREGORY CLOSE |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 19 Feb 2018. Using an estimated price of £455,272 means this house is valued at £3,924 per sq meter (£364 per sq foot).
The average size of a house on PONDWELL CLOSE is 118 sq meters (1,278 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Pondwell Close |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Sports/Recreation Area |
| Feb 2024 | Other crime | Further investigation is not in the public interest | On or near Nettlestone Hill |
| Mar 2024 | Burglary | Under investigation | On or near Springvale Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Springvale Road |