£1,019,474
This estimated value is based upon the latest sale price for the house of £600,000 on 26 Mar 2010. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £600,000 | 26 Mar 2010 |
| £400,000 | 27 Oct 2005 |
| Detached |
| 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 March 2010 the House Price Index for ISLE OF WIGHT was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.912%.Applying this 69.912% change to the original purchase price of £600,000 results in an estimated price of approximately £1,019,474.
| 26 Mar 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.912 % | £600,000 | £419,474 | £1,019,474 |
The Postcode Pricing Model uses changes in average sales price within the PO30 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 | -0.564 % | £-3,385 | £596,614 |
| 3 Month Average | 28.840 % | £173,041 | £773,041 |
| 6 Month Average | 37.323 % | £223,936 | £823,936 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £383,205 | £376,500 | 6 NEWLANDS MERSTONE LANE |
| 3 Nov 2023 | £492,288 | £485,000 | NIRVANA MERSTONE LANE |
| 15 Aug 2022 | £199,463 | £200,000 | 16 STICKWORTH HALL |
| 29 Jul 2022 | £260,702 | £260,000 | CHAPEL COTTAGE CHAPEL LANE |
| 24 Jun 2022 | £441,236 | £435,000 | VALLEY HOUSE MERSTONE LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Local resolution | On or near Merstone Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merstone Lane |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Budbridge Lane |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Budbridge Lane |
| Mar 2024 | Anti-social behaviour | On or near Main Road |