£395,215
This estimated value is based upon the latest sale price for the house of £310,000 on 28 Jul 2017. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £310,000 | 28 Jul 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 2017 the House Price Index for ISLE OF WIGHT was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £310,000 results in an estimated price of approximately £395,215.
| 28 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £310,000 | £85,215 | £395,215 |
The Postcode Pricing Model uses changes in average sales price within the PO30 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 | 6.275 % | £19,451 | £329,451 |
| 3 Month Average | 19.326 % | £59,909 | £369,909 |
| 6 Month Average | 7.963 % | £24,683 | £334,683 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £492,288 | £485,000 | NIRVANA MERSTONE LANE |
| 25 Aug 2023 | £408,574 | £405,000 | 74 LONG LANE |
| 31 Mar 2023 | £1,108,948 | £1,098,500 | LITTLE SULLENS FARM BURNT HOUSE LANE |
| 25 Nov 2022 | £406,575 | £411,500 | STANDEN HEATH FARM LONG LANE |
| 29 Jul 2022 | £260,702 | £260,000 | CHAPEL COTTAGE CHAPEL LANE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 13 Apr 2017. Using an estimated price of £395,216 means this house is valued at £3,497 per sq meter (£324 per sq foot).
The average size of a house on BURNT HOUSE LANE is 227 sq meters (2,451 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Downend Road |
| Mar 2024 | Anti-social behaviour | On or near Long Lane | |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Long Lane |
| Mar 2024 | Other crime | Under investigation | On or near Sports/Recreation Area |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sports/Recreation Area |