£62,635
This estimated value is based upon the latest sale price for the house of £60,000 on 9 Mar 2022. 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 Old Westminster Lane
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| Price Paid | Date |
|---|---|
| £60,000 | 9 Mar 2022 |
| £112,500 | 2 Nov 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 42 sq meters or 452 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 2022 the House Price Index for ISLE OF WIGHT was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £60,000 results in an estimated price of approximately £62,635.
| 9 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £60,000 | £2,635 | £62,635 |
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 | -9.538 % | £-5,722 | £54,277 |
| 3 Month Average | 6.086 % | £3,651 | £63,651 |
| 6 Month Average | 3.926 % | £2,355 | £62,355 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jan 2023 | £61,915 | £61,750 | FLAT 33 HOMEWIGHT HOUSE CROCKER STREET |
| 16 Sep 2022 | £125,416 | £125,500 | FLAT 10 HOMEWIGHT HOUSE CROCKER STREET |
| 24 Aug 2022 | £75,352 | £75,000 | FLAT 50 HOMEWIGHT HOUSE CROCKER STREET |
| 19 Aug 2022 | £111,521 | £111,000 | FLAT 7 RONAN COURT, 27 MILL STREET |
| 18 Aug 2022 | £54,254 | £54,000 | FLAT 27 HOMEWIGHT HOUSE CROCKER STREET |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 25 Oct 2019. Using an estimated price of £62,636 means this house is valued at £1,491 per sq meter (£138 per sq foot).
The average size of a house on CROCKER STREET is 60 sq meters (650 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Investigation complete; no suspect identified | On or near Old Westminster Lane |
| Jun 2024 | Burglary | Under investigation | On or near Old Westminster Lane |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Mill Street |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Mill Street |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mill Street |