£353,602
This estimated value is based upon the latest sale price for the house of £305,000 on 4 Nov 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 |
|---|---|
| £305,000 | 4 Nov 2020 |
| Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 November 2020 the House Price Index for ISLE OF WIGHT was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £305,000 results in an estimated price of approximately £353,602.
| 4 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £305,000 | £48,602 | £353,602 |
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 | 23.708 % | £72,308 | £377,308 |
| 3 Month Average | -7.361 % | £-22,452 | £282,547 |
| 6 Month Average | 15.895 % | £48,478 | £353,478 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Mar 2023 | £161,522 | £160,000 | 8 GRANGE GARDENS |
| 5 Aug 2022 | £326,122 | £327,000 | MONTARIK HILLWAY ROAD |
| 27 May 2022 | £377,106 | £370,000 | 4 LYNCHENS CLOSE |
| 4 Feb 2022 | £975,286 | £930,000 | FAIRLANDS, 125 HIGH STREET |
| 4 Feb 2022 | £188,765 | £180,000 | 2 GRANGE GARDENS |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 3 Dec 2019. Using an estimated price of £353,603 means this house is valued at £3,185 per sq meter (£295 per sq foot).
The average size of a house on HILLWAY ROAD is 139 sq meters (1,504 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Hillway Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hillway Road |
| Apr 2024 | Anti-social behaviour | On or near Hillway Road | |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hillway Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hillway Road |