£400,623
This estimated value is based upon the latest sale price for the house of £235,000 on 28 Nov 2012. 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 |
|---|---|
| £235,000 | 28 Nov 2012 |
| £120,000 | 18 Dec 2000 |
| Detached |
| Freehold |
| Floor Area: 67 sq meters or 721 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 November 2012 the House Price Index for ISLE OF WIGHT was 87.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.478%.Applying this 70.478% change to the original purchase price of £235,000 results in an estimated price of approximately £400,623.
| 28 Nov 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.8 | 149.7 | 70.478 % | £235,000 | £165,623 | £400,623 |
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 | 117.063 % | £275,098 | £510,098 |
| 3 Month Average | 79.384 % | £186,551 | £421,551 |
| 6 Month Average | 50.048 % | £117,613 | £352,613 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £1,070,000 | £1,070,000 | HAVELOCK HOUSE GATE LANE |
| 28 Nov 2023 | £264,720 | £258,000 | FLAT 3 AFTON DOWN HOUSE COASTGUARD LANE |
| 15 Sep 2023 | £204,508 | £200,000 | FLAT 8 HAZELHURST GATE LANE |
| 31 Mar 2023 | £650,870 | £640,000 | WAGTAILS BAY ROAD |
| 12 Jan 2023 | £312,335 | £311,500 | CRANLEIGH BLACKBRIDGE ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 17 Apr 2012. Using an estimated price of £400,624 means this house is valued at £5,979 per sq meter (£555 per sq foot).
The average size of a house on BAY ROAD is 95 sq meters (1,031 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 | 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 |