£311,321
This estimated value is based upon the latest sale price for the house of £250,000 on 20 May 2019. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £250,000 | 20 May 2019 |
| Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 May 2019 the House Price Index for ISLE OF WIGHT was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £250,000 results in an estimated price of approximately £311,321.
| 20 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.529 % | £250,000 | £61,321 | £311,321 |
The Postcode Pricing Model uses changes in average sales price within the PO30 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 | 95.060 % | £237,649 | £487,649 |
| 3 Month Average | 23.322 % | £58,305 | £308,305 |
| 6 Month Average | 18.200 % | £45,500 | £295,500 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Oct 2023 | £306,972 | £300,000 | FAIRFIELD WHITEPIT LANE |
| 29 Jul 2022 | £386,877 | £383,000 | 25 CHATFIELD LODGE |
| 20 Apr 2022 | £233,420 | £225,000 | 12 SHIDE ROAD |
| 11 Mar 2022 | £346,586 | £332,000 | 3 CHATFIELD LODGE |
| 31 Jan 2022 | £318,059 | £300,000 | 29 SHIDE ROAD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 6 Feb 2019. Using an estimated price of £311,322 means this house is valued at £3,498 per sq meter (£324 per sq foot).
The average size of a house on WATERGATE ROAD is 158 sq meters (1,706 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Drugs | Local resolution | On or near Chatfield Lodge |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Melrose Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near St Nicholas Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Laburnam Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Laburnam Close |