£337,774
This estimated value is based upon the latest sale price for the house of £255,000 on 24 Oct 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 |
|---|---|
| £255,000 | 24 Oct 2016 |
| Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 October 2016 the House Price Index for ISLE OF WIGHT was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £255,000 results in an estimated price of approximately £337,774.
| 24 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £255,000 | £82,774 | £337,774 |
The Postcode Pricing Model uses changes in average sales price within the PO38 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 | 23.308 % | £59,436 | £314,436 |
| 3 Month Average | 18.683 % | £47,642 | £302,642 |
| 6 Month Average | 34.991 % | £89,226 | £344,226 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £605,596 | £595,000 | BEESWING BONCHURCH SHUTE |
| 30 Nov 2023 | £1,052,583 | £1,037,000 | BROOKSIDE BONCHURCH VILLAGE ROAD |
| 30 Nov 2023 | £862,773 | £850,000 | PITTS KEEP THE PITTS |
| 20 Feb 2023 | £435,707 | £436,000 | SHENSTONE LEESON ROAD |
| 27 Jun 2022 | £557,884 | £550,000 | 71 LEESON ROAD |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 5 May 2015. Using an estimated price of £337,774 means this house is valued at £3,973 per sq meter (£369 per sq foot).
The average size of a house on LEESON ROAD is 98 sq meters (1,064 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Bonchurch Shute |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Maples Drive |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parking Area |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Spring Gardens |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spring Gardens |