£301,601
This estimated value is based upon the latest sale price for the house of £280,000 on 9 Nov 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 |
|---|---|
| £280,000 | 9 Nov 2021 |
| £167,500 | 15 Nov 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 2021 the House Price Index for ISLE OF WIGHT was 137.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.715%.Applying this 7.715% change to the original purchase price of £280,000 results in an estimated price of approximately £301,601.
| 9 Nov 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.0 | 7.715 % | £280,000 | £21,601 | £301,601 |
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 | -25.477 % | £-71,335 | £208,664 |
| 3 Month Average | -5.657 % | £-15,840 | £264,159 |
| 6 Month Average | 9.887 % | £27,682 | £307,682 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £321,074 | £315,000 | 2 GREENWAYS |
| 25 Aug 2023 | £292,780 | £291,000 | 23 GREENWAYS |
| 23 Aug 2023 | £332,019 | £330,000 | 40 GREENWAYS |
| 6 Apr 2023 | £242,612 | £240,000 | 8 HORSESHOE CLOSE |
| 22 Jul 2022 | £179,757 | £180,000 | 8 WROXALL CLOSE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 15 Jun 2016. Using an estimated price of £301,601 means this house is valued at £5,026 per sq meter (£466 per sq foot).
The average size of a house on GREENWAYS CLOSE is 83 sq meters (894 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (645 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Horseshoe Close |
| Feb 2024 | Anti-social behaviour | On or near Wyatts Close | |
| Feb 2024 | Anti-social behaviour | On or near Wyatts Close | |
| Feb 2024 | Anti-social behaviour | On or near Wyatts Close | |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oxford Street |