£593,619
This estimated value is based upon the latest sale price for the house of £550,000 on 10 Dec 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 |
---|---|
£550,000 | 10 Dec 2021 |
Semi-Detached |
Freehold |
Floor Area: 113 sq meters or 1,216 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 2021 the House Price Index for ISLE OF WIGHT was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £550,000 results in an estimated price of approximately £593,619.
10 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 149.7 | 7.931 % | £550,000 | £43,619 | £593,619 |
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 | -34.045 % | £-187,249 | £362,750 |
3 Month Average | -46.426 % | £-255,345 | £294,654 |
6 Month Average | -9.291 % | £-51,101 | £498,898 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Apr 2024 | £479,161 | £475,000 | 2 HOWGATE CLOSE |
13 Oct 2023 | £511,620 | £500,000 | 1 FORELANDS FIELD ROAD |
31 Aug 2023 | £473,541 | £465,000 | 12 FORELANDS FIELD ROAD |
30 Jun 2023 | £801,053 | £785,000 | WINDWARD, 20A BEACHFIELD ROAD |
28 Apr 2023 | £397,434 | £390,000 | 4 BEACHFIELD ROAD |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 25 Aug 2021. Using an estimated price of £593,619 means this house is valued at £5,253 per sq meter (£488 per sq foot).
The average size of a house on PADDOCK DRIVE is 165 sq meters (1,777 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Beachfield Road |
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Poplar Close |
Jun 2024 | Criminal damage and arson | Under investigation | On or near Forelands Field Road |
Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Forelands Field Road |
May 2024 | Burglary | Under investigation | On or near Forelands Field Road |