£323,056
This estimated value is based upon the latest sale price for the house of £59,450 on 17 Dec 1996. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £59,450 | 17 Dec 1996 |
| Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 December 1996 the House Price Index for ISLE OF WIGHT was 27.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 443.410%.Applying this 443.410% change to the original purchase price of £59,450 results in an estimated price of approximately £323,056.
| 17 Dec 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.5 | 149.7 | 443.410 % | £59,450 | £263,606 | £323,056 |
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 | 527.751 % | £313,747 | £373,197 |
| 3 Month Average | 493.204 % | £293,209 | £352,659 |
| 6 Month Average | 421.892 % | £250,814 | £310,264 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £194,186 | £192,500 | 12 MARTINE CLOSE |
| 22 Mar 2024 | £370,695 | £365,000 | 3 BIRCH CLOSE |
| 18 Oct 2023 | £757,197 | £740,000 | 7 SMALL HORSE FARM CLOSE |
| 11 Oct 2023 | £399,064 | £390,000 | 2 BIRCH CLOSE |
| 6 Mar 2023 | £315,265 | £310,000 | 14 THE SHEILINGS |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 3 Jun 2014. Using an estimated price of £323,057 means this house is valued at £4,141 per sq meter (£384 per sq foot).
The average size of a house on COLWELL ROAD is 164 sq meters (1,766 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Birch Close |
| Apr 2024 | Anti-social behaviour | On or near Small Horse Farm Close | |
| Apr 2024 | Anti-social behaviour | On or near Small Horse Farm Close | |
| Apr 2024 | Anti-social behaviour | On or near Small Horse Farm Close | |
| Apr 2024 | Anti-social behaviour | On or near Small Horse Farm Close |