£298,584
This estimated value is based upon the latest sale price for the house of £175,000 on 19 Apr 2012. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £175,000 | 19 Apr 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 763 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 April 2012 the House Price Index for ISLE OF WIGHT was 87.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.620%.Applying this 70.620% change to the original purchase price of £175,000 results in an estimated price of approximately £298,584.
| 19 Apr 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 148.6 | 70.620 % | £175,000 | £123,584 | £298,584 |
The Postcode Pricing Model uses changes in average sales price within the PO35 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 | 38.843 % | £67,975 | £242,975 |
| 3 Month Average | 43.061 % | £75,356 | £250,356 |
| 6 Month Average | 56.072 % | £98,126 | £273,126 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £305,342 | £300,000 | 2 ROSEMEAD PLACE |
| 16 Nov 2023 | £397,891 | £392,000 | 7 WALLS ROAD |
| 8 Nov 2023 | £446,612 | £440,000 | 16 BROOK FURLONG |
| 1 Sep 2023 | £359,598 | £355,000 | 10 BROOK FURLONG |
| 22 Mar 2023 | £323,043 | £320,000 | 88 HOWGATE ROAD |
This house has a floor area of 70 sq meters or 763 sq feet when measured on 15 Sep 2011. Using an estimated price of £298,585 means this house is valued at £4,211 per sq meter (£391 per sq foot).
The average size of a house on ROLFS CLOSE is 90 sq meters (978 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Walls Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Walls Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Walls Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Crossway |
| Jan 2024 | Anti-social behaviour | On or near Crossway |