£477,981
This estimated value is based upon the latest sale price for the house of £160,000 on 25 Apr 2002. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £160,000 | 25 Apr 2002 |
| Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 April 2002 the House Price Index for ISLE OF WIGHT was 49.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 198.739%.Applying this 198.739% change to the original purchase price of £160,000 results in an estimated price of approximately £477,981.
| 25 Apr 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 148.6 | 198.739 % | £160,000 | £317,981 | £477,981 |
The Postcode Pricing Model uses changes in average sales price within the PO34 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 | 98.253 % | £157,204 | £317,204 |
| 3 Month Average | 223.814 % | £358,103 | £518,103 |
| 6 Month Average | 270.713 % | £433,140 | £593,140 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £447,836 | £440,000 | 11 CAWS AVENUE |
| 9 Nov 2023 | £656,723 | £647,000 | 2 ANSELLS |
| 27 Jul 2023 | £428,264 | £422,500 | 1 ANSELLS |
| 19 Aug 2022 | £403,913 | £405,000 | 17 HORESTONE DRIVE |
| 27 May 2022 | £454,056 | £445,500 | 13 CAWS AVENUE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 14 Jun 2016. Using an estimated price of £477,982 means this house is valued at £5,690 per sq meter (£528 per sq foot).
The average size of a house on HERSEY RISE is 154 sq meters (1,663 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Priory Drive |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near East Green |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Holgate Lane |
| Feb 2024 | Other crime | Further investigation is not in the public interest | On or near Nettlestone Hill |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pier Road |