£252,386
This estimated value is based upon the latest sale price for the house of £69,000 on 6 Sep 2000. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
There has been one burglary within the last year on or near Cornwall Road
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| Price Paid | Date |
|---|---|
| £69,000 | 6 Sep 2000 |
| £39,000 | 24 Feb 1999 |
| Semi-Detached |
| Leasehold |
| Floor Area: 118 sq meters or 1,280 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 2000 the House Price Index for ISLE OF WIGHT was 40.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 265.778%.Applying this 265.778% change to the original purchase price of £69,000 results in an estimated price of approximately £252,386.
| 6 Sep 2000 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.5 | 148.0 | 265.778 % | £69,000 | £183,386 | £252,386 |
The Postcode Pricing Model uses changes in average sales price within the PO38 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 | 274.355 % | £189,304 | £258,304 |
| 3 Month Average | 228.717 % | £157,814 | £226,814 |
| 6 Month Average | 296.346 % | £204,478 | £273,478 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £265,014 | £260,000 | 16 DOWNSIDE |
| 25 Aug 2023 | £73,447 | £73,000 | 62 OCEAN VIEW ROAD |
| 21 Jul 2023 | £137,299 | £136,000 | 24 OCEAN VIEW ROAD |
| 24 Mar 2023 | £236,277 | £235,000 | 3 SOUTH VIEW NEWPORT ROAD |
| 12 Aug 2022 | £139,060 | £140,000 | 18 OCEAN VIEW ROAD |
This house has a floor area of 118 sq meters or 1,280 sq feet when measured on 5 Mar 2011. Using an estimated price of £252,387 means this house is valued at £2,122 per sq meter (£197 per sq foot).
The average size of a house on NEWPORT ROAD is 94 sq meters (1,017 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Unable to prosecute suspect | On or near Cornwall Road |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cornwall Road |
| Feb 2024 | Public order | Under investigation | On or near Cornwall Road |
| Jan 2024 | Shoplifting | Awaiting court outcome | On or near Cornwall Road |
| Jan 2024 | Burglary | Unable to prosecute suspect | On or near Cornwall Road |