£199,056
This estimated value is based upon the latest sale price for the house of £116,890 on 14 Sep 2012. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £116,890 | 14 Sep 2012 |
| £116,890 | 14 Sep 2012 |
| Detached |
| Leasehold |
| Floor Area: 65 sq meters or 699 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 September 2012 the House Price Index for ISLE OF WIGHT was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.294%.Applying this 70.294% change to the original purchase price of £116,890 results in an estimated price of approximately £199,056.
| 14 Sep 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.294 % | £116,890 | £82,166 | £199,056 |
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 | 34.216 % | £39,994 | £156,884 |
| 3 Month Average | 90.483 % | £105,765 | £222,655 |
| 6 Month Average | 57.485 % | £67,194 | £184,084 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £354,482 | £349,950 | 69 WELLINGTON ROAD |
| 22 Sep 2023 | £266,406 | £263,000 | 40 WINSTON AVENUE |
| 25 Aug 2023 | £282,471 | £280,000 | 12A WATERLOO CRESCENT |
| 16 Aug 2023 | £282,471 | £280,000 | 47 WELLINGTON ROAD |
| 14 Aug 2023 | £196,721 | £195,000 | 7 COACH HOUSE LANE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 28 Feb 2012. Using an estimated price of £199,056 means this house is valued at £3,061 per sq meter (£284 per sq foot).
The average size of a house on WELLINGTON ROAD is 80 sq meters (870 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Play Lane | |
| Feb 2024 | Anti-social behaviour | On or near Play Lane | |
| Feb 2024 | Anti-social behaviour | On or near Play Lane | |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Waterloo Crescent |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Coach House Lane |