£350,525
This estimated value is based upon the latest sale price for the house of £305,000 on 2 Jul 2021. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £305,000 | 2 Jul 2021 |
| £225,000 | 28 Apr 2011 |
| £190,000 | 28 Jun 2007 |
| 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 July 2021 the House Price Index for ISLE OF WIGHT was 129.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.927%.Applying this 14.927% change to the original purchase price of £305,000 results in an estimated price of approximately £350,525.
| 2 Jul 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.6 | 14.927 % | £305,000 | £45,525 | £350,525 |
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 | -10.842 % | £-33,068 | £271,931 |
| 3 Month Average | 14.437 % | £44,033 | £349,033 |
| 6 Month Average | 0.602 % | £1,835 | £306,835 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £293,956 | £290,000 | 1 STILE CLOSE PACKSFIELD LANE |
| 13 Jul 2023 | £354,775 | £350,000 | MELVINA GRAVEL PIT ROAD |
| 5 Jul 2023 | £476,412 | £470,000 | 8 GLENDALE CLOSE |
| 20 Sep 2022 | £446,395 | £450,000 | SANDALWOOD GRAVEL PIT ROAD |
| 31 May 2022 | £560,562 | £550,000 | 3 THE ACORNS STATION ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Packsfield Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Harwood Close |
| Jan 2024 | Burglary | Under investigation | On or near Kennedy Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lushington Hill |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wooton Lodge |