£507,288
This estimated value is based upon the latest sale price for the house of £318,000 on 3 Feb 2014. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £318,000 | 3 Feb 2014 |
| £400,000 | 8 Aug 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 173 sq meters or 1,867 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 February 2014 the House Price Index for ISLE OF WIGHT was 93.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.525%.Applying this 59.525% change to the original purchase price of £318,000 results in an estimated price of approximately £507,288.
| 3 Feb 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 149.7 | 59.525 % | £318,000 | £189,288 | £507,288 |
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 | 11.213 % | £35,658 | £353,658 |
| 3 Month Average | 29.882 % | £95,024 | £413,024 |
| 6 Month Average | 32.035 % | £101,871 | £419,871 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £201,182 | £195,000 | 39 WHITEPIT LANE |
| 5 Dec 2023 | £505,534 | £490,000 | BROOKSIDE DAIRY NUNNERY LANE |
| 17 Aug 2023 | £239,316 | £235,000 | 46 WHITEPIT LANE |
| 8 Aug 2023 | £239,316 | £235,000 | 81 WHITEPIT LANE |
| 29 Jul 2022 | £386,877 | £383,000 | 25 CHATFIELD LODGE |
This house has a floor area of 173 sq meters or 1,867 sq feet when measured on 17 Dec 2008. Using an estimated price of £507,289 means this house is valued at £2,923 per sq meter (£271 per sq foot).
There is one other house on the street which we know the size of, this is NEWCLOSE FARM COTTAGE MEADOW REACH NUNNERY LANE it is 84.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Nunnery Lane | |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Nunnery Lane |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Nunnery Lane |
| May 2024 | Anti-social behaviour | On or near Nunnery Lane | |
| May 2024 | Anti-social behaviour | On or near Nunnery Lane |