£322,803
This estimated value is based upon the latest sale price for the house of £320,000 on 6 Dec 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 |
|---|---|
| £320,000 | 6 Dec 2022 |
| £180,000 | 5 May 2017 |
| £70,000 | 26 Oct 2001 |
| Terraced |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 December 2022 the House Price Index for ISLE OF WIGHT was 148.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.876%.Applying this 0.876% change to the original purchase price of £320,000 results in an estimated price of approximately £322,803.
| 6 Dec 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.4 | 149.7 | 0.876 % | £320,000 | £2,803 | £322,803 |
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 | -55.773 % | £-178,472 | £141,527 |
| 3 Month Average | -16.216 % | £-51,891 | £268,108 |
| 6 Month Average | 1.411 % | £4,516 | £324,516 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £181,000 | £181,000 | 4 YORK VILLAS |
| 1 Mar 2024 | £213,277 | £210,000 | 21 DOWNLANDS CRESCENT |
| 12 Dec 2023 | £237,291 | £230,000 | 70 NEWPORT ROAD |
| 6 Dec 2023 | £268,243 | £260,000 | 10 REW CLOSE |
| 31 Oct 2023 | £194,416 | £190,000 | 13A ST MARGARETS GLADE |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 19 Feb 2017.
The average size of a house on REW CLOSE is 113 sq meters (1,223 sq feet).
This house is the largest in the street with a floor area of 115 sq meters (1,237 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rew Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Rew Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rew Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rew Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rew Close |