£301,350
This estimated value is based upon the latest sale price for the house of £255,000 on 16 Oct 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 |
---|---|
£255,000 | 16 Oct 2020 |
Detached |
Freehold |
Floor Area: 71 sq meters or 764 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 October 2020 the House Price Index for ISLE OF WIGHT was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £255,000 results in an estimated price of approximately £301,350.
16 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
126.7 | 149.7 | 18.177 % | £255,000 | £46,350 | £301,350 |
The Postcode Pricing Model uses changes in average sales price within the PO33 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 | -2.966 % | £-7,564 | £247,435 |
3 Month Average | 1.451 % | £3,700 | £258,700 |
6 Month Average | 10.069 % | £25,674 | £280,674 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Dec 2023 | £400,816 | £388,500 | 6 VERWOOD DRIVE |
3 Mar 2023 | £320,350 | £315,000 | 97 NEWNHAM ROAD |
10 Feb 2023 | £282,890 | £281,000 | 23 BINSTEAD LODGE ROAD |
23 Jan 2023 | £275,737 | £275,000 | 28 BINSTEAD LODGE ROAD |
28 Oct 2022 | £294,018 | £295,000 | 8 BINSTEAD LODGE ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 24 Sep 2021. Using an estimated price of £301,351 means this house is valued at £4,244 per sq meter (£394 per sq foot).
The average size of a house on NEWNHAM ROAD is 99 sq meters (1,070 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Verwood Drive |
Jun 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Bourn Close |
May 2024 | Violence and sexual offences | Under investigation | On or near Sports/Recreation Area |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Dame Anthonys Close |