£326,144
This estimated value is based upon the latest sale price for the house of £270,000 on 4 Aug 2020. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £270,000 | 4 Aug 2020 |
| Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 August 2020 the House Price Index for ISLE OF WIGHT was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £270,000 results in an estimated price of approximately £326,144.
| 4 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £270,000 | £56,144 | £326,144 |
The Postcode Pricing Model uses changes in average sales price within the PO35 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 | -40.791 % | £-110,135 | £159,864 |
| 3 Month Average | 3.785 % | £10,220 | £280,220 |
| 6 Month Average | 21.345 % | £57,631 | £327,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £442,990 | £435,000 | BELGRAVE COTTAGE HEATHFIELD ROAD |
| 26 Apr 2023 | £295,528 | £290,000 | 44 STEYNE ROAD |
| 10 Nov 2022 | £661,905 | £665,000 | REALM HOUSE HEATHFIELD ROAD |
| 12 Aug 2022 | £690,730 | £687,500 | 17 STEYNE ROAD |
| 5 Jul 2022 | £10,101 | £10,000 | 62 STEYNE ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 20 Dec 2019. Using an estimated price of £326,144 means this house is valued at £4,796 per sq meter (£445 per sq foot).
The average size of a house on PRESTON ROAD is 115 sq meters (1,239 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Heathfield Road |
| Jun 2024 | Drugs | Offender given a caution | On or near Manna Road |
| Jul 2024 | Other theft | Unable to prosecute suspect | On or near Sycamore Drive |
| Jun 2024 | Public order | Unable to prosecute suspect | On or near Pelham Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mill Road |