£603,810
This estimated value is based upon the latest sale price for the house of £490,000 on 9 Nov 2018. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £490,000 | 9 Nov 2018 |
| £132,000 | 9 May 1995 |
| Detached |
| Freehold |
| Floor Area: 158 sq meters or 1,700 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 2018 the House Price Index for ISLE OF WIGHT was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £490,000 results in an estimated price of approximately £603,810.
| 9 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £490,000 | £113,810 | £603,810 |
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 | -0.700 % | £-3,431 | £486,568 |
| 3 Month Average | 38.180 % | £187,083 | £677,083 |
| 6 Month Average | 68.580 % | £336,043 | £826,043 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2023 | £683,742 | £675,000 | CHERAGIN OLD SEAVIEW LANE |
| 24 Feb 2023 | £147,900 | £148,000 | 6 SANDPIPERS |
| 24 Feb 2023 | £678,044 | £678,500 | COMPASS COTTAGE HIGH STREET |
| 2 Aug 2022 | £844,726 | £847,000 | WINDS UP OLD SEAVIEW LANE |
| 7 Jan 2022 | £526,204 | £500,000 | ROSE BANK SEAGROVE MANOR ROAD |
This house has a floor area of 158 sq meters or 1,700 sq feet when measured on 18 Nov 2013. Using an estimated price of £603,810 means this house is valued at £3,821 per sq meter (£355 per sq foot).
The average size of a house on SPITHEAD CLOSE is 184 sq meters (1,981 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Church Street |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pier Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Holgate Lane |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Duver Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Duver Road |