£243,426
This estimated value is based upon the latest sale price for the house of £126,500 on 20 Jul 2004. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £126,500 | 20 Jul 2004 |
| £115,000 | 30 Jul 2003 |
| £67,500 | 18 May 2001 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 2004 the House Price Index for ISLE OF WIGHT was 76.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 92.432%.Applying this 92.432% change to the original purchase price of £126,500 results in an estimated price of approximately £243,426.
| 20 Jul 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 76.2 | 146.7 | 92.432 % | £126,500 | £116,926 | £243,426 |
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 | 55.037 % | £69,622 | £196,122 |
| 3 Month Average | 55.571 % | £70,296 | £196,796 |
| 6 Month Average | 43.512 % | £55,042 | £181,542 |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 14 Dec 2018.
The average size of a house on WESTMINSTER LANE is 78 sq meters (844 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Westminster Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Charnwood Close |
| Feb 2024 | Anti-social behaviour | On or near Charnwood Close | |
| Feb 2024 | Anti-social behaviour | On or near Charnwood Close | |
| Mar 2024 | Anti-social behaviour | On or near Caesars Road |