£297,271
This estimated value is based upon the latest sale price for the house of £245,000 on 3 Mar 2020. 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 |
---|---|
£245,000 | 3 Mar 2020 |
£72,500 | 11 Aug 1999 |
£48,000 | 20 Mar 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 117 sq meters or 1,259 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 March 2020 the House Price Index for ISLE OF WIGHT was 123.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.335%.Applying this 21.335% change to the original purchase price of £245,000 results in an estimated price of approximately £297,271.
3 Mar 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.4 | 149.7 | 21.335 % | £245,000 | £52,271 | £297,271 |
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 | 13.665 % | £33,479 | £278,479 |
3 Month Average | 31.864 % | £78,065 | £323,065 |
6 Month Average | 27.459 % | £67,273 | £312,273 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 May 2024 | £1,070,000 | £1,070,000 | HAVELOCK HOUSE GATE LANE |
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 |
5 Aug 2022 | £552,584 | £550,000 | BAY SOUND GATE LANE |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 21 Oct 2019. Using an estimated price of £297,271 means this house is valued at £2,540 per sq meter (£236 per sq foot).
The average size of a house on THE SQUARE is 112 sq meters (1,205 sq feet).
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 | Criminal damage and arson | Awaiting court outcome | On or near The Square |
Jun 2024 | Public order | Further investigation is not in the public interest | On or near The Square |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Square |