£485,963
This estimated value is based upon the latest sale price for the house of £365,000 on 23 Aug 2016. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £365,000 | 23 Aug 2016 |
| Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,279 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 2016 the House Price Index for ISLE OF WIGHT was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £365,000 results in an estimated price of approximately £485,963.
| 23 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £365,000 | £120,963 | £485,963 |
The Postcode Pricing Model uses changes in average sales price within the PO40 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 | 54.484 % | £198,865 | £563,865 |
| 3 Month Average | 43.344 % | £158,204 | £523,204 |
| 6 Month Average | 24.730 % | £90,265 | £455,265 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £546,994 | £540,000 | AMPFIELD COLWELL ROAD |
| 8 Sep 2023 | £557,123 | £550,000 | KERNSWALD WARDEN ROAD |
| 9 Feb 2023 | £454,694 | £455,000 | ALTAIR COLWELL CHINE ROAD |
| 1 Jul 2022 | £132,858 | £132,500 | FLAT 1A WARDEN HILL HOUSE COLWELL ROAD |
| 12 Jun 2022 | £355,017 | £350,000 | ZINAL WARDEN ROAD |
This house has a floor area of 118 sq meters or 1,279 sq feet when measured on 12 Aug 2011. Using an estimated price of £485,964 means this house is valued at £4,087 per sq meter (£379 per sq foot).
The average size of a house on COLWELL LANE is 105 sq meters (1,136 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Park/Open Space |
| Dec 2023 | Anti-social behaviour | On or near Park/Open Space | |
| Dec 2023 | Anti-social behaviour | On or near Park/Open Space | |
| Dec 2023 | Anti-social behaviour | On or near Park/Open Space | |
| Dec 2023 | Anti-social behaviour | On or near Park/Open Space |