£245,152
This estimated value is based upon the latest sale price for the house of £227,500 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 |
|---|---|
| £227,500 | 17 Sep 2021 |
| £180,000 | 11 Sep 2017 |
| £160,000 | 25 Apr 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 £227,500 results in an estimated price of approximately £245,152.
| 17 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £227,500 | £17,652 | £245,152 |
The Postcode Pricing Model uses changes in average sales price within the PO31 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 | -25.374 % | £-57,724 | £169,775 |
| 3 Month Average | -1.183 % | £-2,691 | £224,808 |
| 6 Month Average | 12.964 % | £29,492 | £256,992 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £208,081 | £205,000 | 31 OSBORNE CHASE |
| 10 Nov 2023 | £258,832 | £255,000 | 13 RONSONS CLOSE |
| 1 Nov 2023 | £243,607 | £240,000 | 76 LOVE LANE |
| 12 Jul 2023 | £238,206 | £235,000 | 8 WINDMILL CLOSE |
| 25 Nov 2022 | £197,606 | £200,000 | 34 LOVE LANE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 3 Jun 2021. Using an estimated price of £245,152 means this house is valued at £2,850 per sq meter (£264 per sq foot).
The average size of a house on RONSONS CLOSE is 88 sq meters (952 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Ronsons Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ronsons Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Love Lane |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Love Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Elm Grove |