£277,865
This estimated value is based upon the latest sale price for the house of £240,000 on 9 Jul 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 |
|---|---|
| £240,000 | 9 Jul 2021 |
| £180,000 | 26 Feb 2019 |
| Semi-Detached |
| Leasehold |
| Floor Area: 100 sq meters or 1,076 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 July 2021 the House Price Index for ISLE OF WIGHT was 129.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.777%.Applying this 15.777% change to the original purchase price of £240,000 results in an estimated price of approximately £277,865.
| 9 Jul 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 149.7 | 15.777 % | £240,000 | £37,865 | £277,865 |
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 | -28.913 % | £-69,390 | £170,609 |
| 3 Month Average | -2.278 % | £-5,466 | £234,533 |
| 6 Month Average | 15.962 % | £38,307 | £278,307 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £268,243 | £260,000 | 16 DOWNSIDE |
| 25 Aug 2023 | £74,341 | £73,000 | 62 OCEAN VIEW ROAD |
| 24 Mar 2023 | £238,991 | £235,000 | 3 SOUTH VIEW NEWPORT ROAD |
| 9 Jan 2023 | £160,429 | £160,000 | 2 LOWTHERVILLE ROAD |
| 12 Aug 2022 | £140,658 | £140,000 | 18 OCEAN VIEW ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 19 Oct 2018. Using an estimated price of £277,865 means this house is valued at £2,778 per sq meter (£258 per sq foot).
The average size of a house on NEWPORT ROAD is 94 sq meters (1,017 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Offender given a caution | On or near Down Lane |
| Aug 2024 | Drugs | Local resolution | On or near Steephill Down Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Newport Road |
| Oct 2024 | Other crime | Further investigation is not in the public interest | On or near Lowtherville Road |