£535,284
This estimated value is based upon the latest sale price for the house of £434,000 on 1 Jul 2019. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £434,000 | 1 Jul 2019 |
| Detached |
| Freehold |
| Floor Area: 153 sq meters or 1,646 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 July 2019 the House Price Index for ISLE OF WIGHT was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £434,000 results in an estimated price of approximately £535,284.
| 1 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £434,000 | £101,284 | £535,284 |
The Postcode Pricing Model uses changes in average sales price within the PO41 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 | 11.545 % | £50,106 | £484,106 |
| 3 Month Average | -3.975 % | £-17,250 | £416,749 |
| 6 Month Average | -17.819 % | £-77,333 | £356,666 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £508,448 | £504,000 | KENT VILLA OMMANNEY ROAD |
| 16 Sep 2022 | £380,874 | £383,950 | 2 OLD BAKERY MEWS |
| 22 Jul 2022 | £360,972 | £360,000 | PETAS COTTAGE ALMA PLACE |
| 29 Oct 2021 | £340,242 | £307,500 | CASITA OMMANNEY ROAD |
| 11 Oct 2021 | £110,648 | £100,000 | FORRESTERS HALL HIGH STREET |
This house has a floor area of 153 sq meters or 1,646 sq feet when measured on 16 Mar 2020. Using an estimated price of £535,285 means this house is valued at £3,498 per sq meter (£325 per sq foot).
The average size of a house on HIGH STREET is 114 sq meters (1,231 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Ommanney Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ommanney Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parking Area |
| Apr 2024 | Drugs | Local resolution | On or near A3054 |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Quay Street |