£357,699
This estimated value is based upon the latest sale price for the house of £209,000 on 15 Dec 2010. 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 Sports/Recreation Area
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| Price Paid | Date |
|---|---|
| £209,000 | 15 Dec 2010 |
| £239,000 | 28 Jul 2006 |
| £155,000 | 9 Aug 2002 |
| £88,500 | 28 Aug 1998 |
| Detached |
| Freehold |
| Floor Area: 99 sq meters or 1,072 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 December 2010 the House Price Index for ISLE OF WIGHT was 86.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.148%.Applying this 71.148% change to the original purchase price of £209,000 results in an estimated price of approximately £357,699.
| 15 Dec 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.8 | 148.6 | 71.148 % | £209,000 | £148,699 | £357,699 |
The Postcode Pricing Model uses changes in average sales price within the PO37 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 | 21.458 % | £44,847 | £253,847 |
| 3 Month Average | -13.464 % | £-28,140 | £180,859 |
| 6 Month Average | 4.356 % | £9,104 | £218,104 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £318,862 | £315,000 | 1 LOVETT WAY |
| 11 Apr 2023 | £323,483 | £320,000 | 130 GREEN LANE |
| 15 Feb 2023 | £299,798 | £300,000 | 109 GREEN LANE |
| 27 Jan 2023 | £139,344 | £140,000 | 35 HILDYARDS CRESCENT |
| 28 Jul 2022 | £320,864 | £320,000 | 25 FIR TREE CLOSE |
This house has a floor area of 99 sq meters or 1,072 sq feet when measured on 14 Oct 2009. Using an estimated price of £357,700 means this house is valued at £3,589 per sq meter (£333 per sq foot).
The average size of a house on GREEN LANE is 98 sq meters (1,058 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Under investigation | On or near Sports/Recreation Area |
| Jan 2024 | Other theft | Under investigation | On or near Sports/Recreation Area |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wheeler Way |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wheeler Way |
| Feb 2024 | Drugs | Local resolution | On or near Wheeler Way |