£281,861
This estimated value is based upon the latest sale price for the house of £270,000 on 18 Mar 2022. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £270,000 | 18 Mar 2022 |
| £200,000 | 28 Mar 2008 |
| £92,000 | 2 Nov 2001 |
| £55,000 | 12 Aug 1997 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 March 2022 the House Price Index for ISLE OF WIGHT was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £270,000 results in an estimated price of approximately £281,861.
| 18 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £270,000 | £11,861 | £281,861 |
The Postcode Pricing Model uses changes in average sales price within the PO40 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 | 45.383 % | £122,533 | £392,533 |
| 3 Month Average | 51.161 % | £138,135 | £408,135 |
| 6 Month Average | 35.106 % | £94,786 | £364,786 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £194,186 | £192,500 | 12 MARTINE CLOSE |
| 22 Mar 2024 | £370,695 | £365,000 | 3 BIRCH CLOSE |
| 8 Mar 2024 | £256,948 | £253,000 | MAIDA COTTAGE COLWELL LANE |
| 27 Nov 2023 | £187,253 | £182,500 | FLAT 1 SILCOMBE COURT COLWELL LANE |
| 15 Nov 2023 | £213,930 | £208,500 | 6 JAMESON GARDENS |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 11 Oct 2021. Using an estimated price of £281,862 means this house is valued at £3,437 per sq meter (£319 per sq foot).
The average size of a house on MARTINE CLOSE is 89 sq meters (965 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Under investigation | On or near Colwell Lane |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Martine Close |
| Oct 2024 | Anti-social behaviour | On or near Martine Close | |
| Oct 2024 | Public order | Unable to prosecute suspect | On or near Martine Close |
| Oct 2024 | Public order | Unable to prosecute suspect | On or near Martine Close |