£568,945
This estimated value is based upon the latest sale price for the house of £485,000 on 8 Oct 2020. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £485,000 | 8 Oct 2020 |
| £375,000 | 10 Aug 2004 |
| £170,000 | 17 Mar 2000 |
| Detached |
| Freehold |
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 October 2020 the House Price Index for ISLE OF WIGHT was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £485,000 results in an estimated price of approximately £568,945.
| 8 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £485,000 | £83,945 | £568,945 |
The Postcode Pricing Model uses changes in average sales price within the PO36 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 | 25.009 % | £121,294 | £606,294 |
| 3 Month Average | 45.194 % | £219,190 | £704,190 |
| 6 Month Average | 39.041 % | £189,347 | £674,347 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £228,070 | £225,000 | 25 DRABBLES LANE |
| 16 Mar 2023 | £418,947 | £415,000 | 7A THE MALL |
| 4 May 2022 | £637,003 | £625,000 | MELVILLE GLEN MELVILLE STREET |
| 22 Oct 2021 | £196,400 | £177,500 | 28 LAKE HILL |
| 12 Jul 2021 | £215,487 | £187,500 | 9 DRABBLES LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Mall |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Brownlow Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near A3055 |
| Feb 2024 | Anti-social behaviour | On or near Grange Road | |
| Feb 2024 | Anti-social behaviour | On or near Grange Road |