£2,522,192
This estimated value is based upon the latest sale price for the house of £420,000 on 2 Oct 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 |
|---|---|
| £420,000 | 2 Oct 2023 |
| £247,500 | 21 Aug 2012 |
| £172,000 | 29 Apr 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 114 sq meters or 1,228 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 October 2023 the House Price Index for ISLE OF WIGHT was 24.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 500.522%.Applying this 500.522% change to the original purchase price of £420,000 results in an estimated price of approximately £2,522,192.
| 2 Oct 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 146.7 | 500.522 % | £420,000 | £2,102,192 | £2,522,192 |
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 | -66.281 % | £-278,381 | £141,618 |
| 3 Month Average | -30.436 % | £-127,833 | £292,166 |
| 6 Month Average | -25.579 % | £-107,433 | £312,566 |
This house has a floor area of 114 sq meters or 1,228 sq feet when measured on 23 May 2011.
The average size of a house on WITBANK CLOSE is 113 sq meters (1,223 sq feet).
This house is the largest in the street with a floor area of 114 sq meters (1,228 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Witbank Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pierrellen Gardens |
| Feb 2024 | Criminal damage and arson | Awaiting court outcome | On or near Pierrellen Gardens |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pierrellen Gardens |
| Dec 2023 | Violence and sexual offences | Awaiting court outcome | On or near Pierrellen Gardens |