£248,599
This estimated value is based upon the latest sale price for the house of £230,000 on 28 Jun 2021. 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 The Square
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| Price Paid | Date |
|---|---|
| £230,000 | 28 Jun 2021 |
| £156,000 | 20 Oct 2014 |
| £138,000 | 21 Feb 2011 |
| Terraced |
| 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 June 2021 the House Price Index for ISLE OF WIGHT was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £230,000 results in an estimated price of approximately £248,599.
| 28 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £230,000 | £18,599 | £248,599 |
The Postcode Pricing Model uses changes in average sales price within the PO40 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 | 3.191 % | £7,340 | £237,340 |
| 3 Month Average | -1.990 % | £-4,576 | £225,423 |
| 6 Month Average | -9.343 % | £-21,488 | £208,511 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £1,070,000 | £1,070,000 | HAVELOCK HOUSE GATE LANE |
| 16 Apr 2024 | £423,679 | £420,000 | 10 JENNINGS CLOSE |
| 15 Sep 2023 | £204,508 | £200,000 | FLAT 8 HAZELHURST GATE LANE |
| 12 Jan 2023 | £312,335 | £311,500 | CRANLEIGH BLACKBRIDGE ROAD |
| 26 Aug 2022 | £345,616 | £344,000 | SOUTHBOURNE THE SQUARE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Square |
| Jul 2024 | Burglary | Under investigation | On or near The Square |
| Jun 2024 | Public order | Further investigation is not in the public interest | On or near The Square |
| Jun 2024 | Criminal damage and arson | Awaiting court outcome | On or near The Square |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Square |