£518,425
This estimated value is based upon the latest sale price for the house of £300,000 on 27 Jan 2011. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £300,000 | 27 Jan 2011 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,208 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 January 2011 the House Price Index for ISLE OF WIGHT was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.808%.Applying this 72.808% change to the original purchase price of £300,000 results in an estimated price of approximately £518,425.
| 27 Jan 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 149.7 | 72.808 % | £300,000 | £218,425 | £518,425 |
The Postcode Pricing Model uses changes in average sales price within the PO34 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 | 58.976 % | £176,928 | £476,928 |
| 3 Month Average | -5.632 % | £-16,895 | £283,104 |
| 6 Month Average | 51.638 % | £154,914 | £454,914 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £242,450 | £235,000 | 22 HIGH SALTERNS |
| 30 Nov 2023 | £1,846,881 | £1,800,000 | MEDLARS FAIRY ROAD |
| 20 Oct 2023 | £1,376,258 | £1,345,000 | MARINERS DUVER ROAD |
| 26 Jun 2023 | £147,965 | £145,000 | 60 SALTERNS BEACH BUNGALOWS |
| 23 May 2022 | £616,049 | £600,000 | TIMBUKTU FAIRY ROAD |
This house has a floor area of 112 sq meters or 1,208 sq feet when measured on 23 Sep 2010. Using an estimated price of £518,425 means this house is valued at £4,618 per sq meter (£429 per sq foot).
There is one other house on the street which we know the size of, this is 2 POND LANE it is 88.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Saltern'S Road |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bluett Avenue |
| Aug 2024 | Vehicle crime | Under investigation | On or near Seafield Road |
| Jul 2024 | Other theft | Under investigation | On or near Rope Walk |
| Aug 2024 | Anti-social behaviour | On or near Old Seaview Lane |