£375,565
This estimated value is based upon the latest sale price for the house of £80,000 on 22 Jun 1998. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
There has been one burglary within the last year on or near Small Horse Farm Close
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| Price Paid | Date |
|---|---|
| £80,000 | 22 Jun 1998 |
| Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 June 1998 the House Price Index for ISLE OF WIGHT was 31.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 369.456%.Applying this 369.456% change to the original purchase price of £80,000 results in an estimated price of approximately £375,565.
| 22 Jun 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.7 | 148.6 | 369.456 % | £80,000 | £295,565 | £375,565 |
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 | 371.155 % | £296,924 | £376,924 |
| 3 Month Average | 366.190 % | £292,951 | £372,951 |
| 6 Month Average | 294.453 % | £235,562 | £315,562 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Jul 2023 | £202,678 | £199,950 | CHALET 1 HONEYSUCKLE COTTAGE COLWELL CHINE ROAD |
| 26 Jun 2023 | £506,131 | £500,000 | TOPSAILS COLWELL CHINE ROAD |
| 3 Mar 2023 | £744,010 | £737,000 | 8 SMALL HORSE FARM CLOSE |
| 9 Feb 2023 | £454,694 | £455,000 | ALTAIR COLWELL CHINE ROAD |
| 3 Feb 2023 | £354,761 | £355,000 | CHARNWOOD MADEIRA LANE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 6 Jan 2015. Using an estimated price of £375,565 means this house is valued at £3,912 per sq meter (£363 per sq foot).
The average size of a house on MADEIRA LANE is 118 sq meters (1,276 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Small Horse Farm Close |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chine Close |
| Feb 2024 | Burglary | Under investigation | On or near Chine Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Birch Close |
| Feb 2024 | Drugs | Awaiting court outcome | On or near Parking Area |