£437,095
This estimated value is based upon the latest sale price for the house of £426,000 on 7 Nov 2023. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £426,000 | 7 Nov 2023 |
| £241,500 | 18 May 2012 |
| Detached |
| Freehold |
| Floor Area: 88 sq meters or 950 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 November 2023 the House Price Index for ISLE OF WIGHT was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £426,000 results in an estimated price of approximately £437,095.
| 7 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £426,000 | £11,095 | £437,095 |
The Postcode Pricing Model uses changes in average sales price within the PO37 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 | -25.756 % | £-109,719 | £316,280 |
| 3 Month Average | -13.236 % | £-56,386 | £369,613 |
| 6 Month Average | -22.043 % | £-93,903 | £332,096 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £258,563 | £252,000 | 56 GREEN LANE |
| 7 Nov 2023 | £437,095 | £426,000 | 14 KING EDWARD CLOSE |
| 28 Feb 2023 | £271,816 | £270,000 | 75 GREEN LANE |
| 15 Jul 2022 | £252,530 | £250,000 | 58 GREEN LANE |
| 20 Jun 2022 | £296,334 | £290,000 | 72 OAKLYN GARDENS |
This house has a floor area of 88 sq meters or 950 sq feet when measured on 14 Sep 2011. Using an estimated price of £437,095 means this house is valued at £4,951 per sq meter (£459 per sq foot).
The average size of a house on KING EDWARD CLOSE is 116 sq meters (1,255 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near King Edwards Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Green Lane |
| May 2024 | Public order | Unable to prosecute suspect | On or near Green Lane |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Wilton Road |
| Jul 2024 | Other theft | Under investigation | On or near Wilton Road |