£388,435
This estimated value is based upon the latest sale price for the house of £376,500 on 15 Dec 2023. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £376,500 | 15 Dec 2023 |
| £169,000 | 13 Feb 2003 |
| £56,500 | 8 Dec 1995 |
| Semi-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 December 2023 the House Price Index for ISLE OF WIGHT was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £376,500 results in an estimated price of approximately £388,435.
| 15 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £376,500 | £11,935 | £388,435 |
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 | -35.183 % | £-132,465 | £244,034 |
| 3 Month Average | 36.192 % | £136,263 | £512,763 |
| 6 Month Average | 10.527 % | £39,632 | £416,132 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £388,436 | £376,500 | 6 NEWLANDS MERSTONE LANE |
| 3 Nov 2023 | £497,632 | £485,000 | NIRVANA MERSTONE LANE |
| 31 Oct 2023 | £175,997 | £172,000 | 66 NEWPORT ROAD |
| 15 Aug 2022 | £200,940 | £200,000 | 16 STICKWORTH HALL |
| 29 Jul 2022 | £262,632 | £260,000 | CHAPEL COTTAGE CHAPEL LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merstone Lane |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chapel Lane |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pritchetts Way |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chequers Inn Road |
| Apr 2024 | Criminal damage and arson | Awaiting court outcome | On or near Chequers Inn Road |