£185,242
This estimated value is based upon the latest sale price for the house of £182,500 on 27 Nov 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 |
---|---|
£182,500 | 27 Nov 2023 |
£147,500 | 27 Nov 2020 |
£132,000 | 12 Dec 2017 |
£112,000 | 6 Dec 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 51 sq meters or 548 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 2023 the House Price Index for ISLE OF WIGHT was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £182,500 results in an estimated price of approximately £185,242.
27 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.4 | 148.6 | 1.503 % | £182,500 | £2,742 | £185,242 |
The Postcode Pricing Model uses changes in average sales price within the PO40 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 | -3.666 % | £-6,689 | £175,810 |
3 Month Average | 43.121 % | £78,696 | £261,196 |
6 Month Average | 22.613 % | £41,268 | £223,768 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Nov 2023 | £185,243 | £182,500 | FLAT 1 SILCOMBE COURT COLWELL LANE |
8 Nov 2023 | £152,762 | £150,500 | FLAT 3 SILCOMBE COURT COLWELL LANE |
21 Aug 2023 | £267,339 | £265,000 | 3 PRINCES CLOSE |
31 Jul 2023 | £212,865 | £210,000 | 21 MARTINE CLOSE |
3 Feb 2023 | £349,765 | £350,000 | 18 MARTINE CLOSE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 31 Mar 2015. Using an estimated price of £185,243 means this house is valued at £3,632 per sq meter (£337 per sq foot).
The average size of a house on COLWELL LANE is 105 sq meters (1,136 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Public order | Unable to prosecute suspect | On or near Colwell Lane |
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Solent Gardens |
Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Solent Gardens |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Solent Gardens |
Jan 2024 | Public order | Under investigation | On or near Solent Gardens |