£343,000
This estimated value is based upon the latest sale price for the house of £340,000 on 15 Aug 2023. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £340,000 | 15 Aug 2023 |
| £265,000 | 13 Jan 2022 |
| £59,950 | 19 Jul 1996 |
| Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 August 2023 the House Price Index for ISLE OF WIGHT was 147.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.883%.Applying this 0.883% change to the original purchase price of £340,000 results in an estimated price of approximately £343,000.
| 15 Aug 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.3 | 148.6 | 0.883 % | £340,000 | £3,000 | £343,000 |
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 | -17.362 % | £-59,032 | £280,967 |
| 3 Month Average | 27.947 % | £95,018 | £435,018 |
| 6 Month Average | 10.885 % | £37,010 | £377,010 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £395,419 | £388,500 | 6 VERWOOD DRIVE |
| 15 Aug 2023 | £343,001 | £340,000 | 9 FLEMING CLOSE |
| 10 Feb 2023 | £280,811 | £281,000 | 23 BINSTEAD LODGE ROAD |
| 23 Jan 2023 | £273,711 | £275,000 | 28 BINSTEAD LODGE ROAD |
| 28 Oct 2022 | £291,858 | £295,000 | 8 BINSTEAD LODGE ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 24 Sep 2021. Using an estimated price of £343,001 means this house is valued at £4,763 per sq meter (£442 per sq foot).
The average size of a house on FLEMING CLOSE is 84 sq meters (904 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Paddock Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Paddock Close |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Parkway |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Jan 2024 | Other theft | Under investigation | On or near Newnham Road |