£544,184
This estimated value is based upon the latest sale price for the house of £505,000 on 17 Sep 2021. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £505,000 | 17 Sep 2021 |
| £310,000 | 21 Jul 2006 |
| £115,000 | 21 Apr 1998 |
| Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 September 2021 the House Price Index for ISLE OF WIGHT was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £505,000 results in an estimated price of approximately £544,184.
| 17 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £505,000 | £39,184 | £544,184 |
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 | -1.326 % | £-6,698 | £498,301 |
| 3 Month Average | 9.019 % | £45,547 | £550,547 |
| 6 Month Average | 23.577 % | £119,062 | £624,062 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £305,342 | £300,000 | 2 ROSEMEAD PLACE |
| 2 Nov 2023 | £568,415 | £560,000 | 7 ST LUKES DRIVE |
| 6 Sep 2023 | £577,382 | £570,000 | BROOKLANDS COTTAGE LANE END ROAD |
| 22 Aug 2023 | £121,059 | £120,000 | 12 ELMS COURT |
| 1 Aug 2023 | £882,722 | £875,000 | SAN BERNARDINO SWAINS ROAD |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 14 May 2021. Using an estimated price of £544,184 means this house is valued at £5,085 per sq meter (£472 per sq foot).
The average size of a house on LANE END CLOSE is 141 sq meters (1,519 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Under investigation | On or near Lane End Close |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Lane End Close |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Lane End Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lane End Close |
| Jan 2024 | Shoplifting | Unable to prosecute suspect | On or near Lane End Close |