£1,561,357
This estimated value is based upon the latest sale price for the house of £260,000 on 3 Nov 2023. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
There has been one burglary within the last year on or near Magnolia Drive
More crime details
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| Price Paid | Date |
|---|---|
| £260,000 | 3 Nov 2023 |
| Semi-Detached |
| Freehold |
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 November 2023 the House Price Index for ISLE OF WIGHT was 24.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 500.522%.Applying this 500.522% change to the original purchase price of £260,000 results in an estimated price of approximately £1,561,357.
| 3 Nov 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 146.7 | 500.522 % | £260,000 | £1,301,357 | £1,561,357 |
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 | 10.564 % | £27,467 | £287,467 |
| 3 Month Average | 46.394 % | £120,623 | £380,623 |
| 6 Month Average | 16.772 % | £43,607 | £303,607 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Magnolia Drive |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Magnolia Drive |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pear Tree Close |
| Feb 2024 | Anti-social behaviour | On or near Pear Tree Close | |
| Feb 2024 | Anti-social behaviour | On or near Pear Tree Close |