£255,382
This estimated value is based upon the latest sale price for the house of £54,000 on 1 Jun 1998. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £54,000 | 1 Jun 1998 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 June 1998 the House Price Index for ISLE OF WIGHT was 31.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 372.931%.Applying this 372.931% change to the original purchase price of £54,000 results in an estimated price of approximately £255,382.
| 1 Jun 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.7 | 149.7 | 372.931 % | £54,000 | £201,382 | £255,382 |
The Postcode Pricing Model uses changes in average sales price within the PO31 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 | 544.852 % | £294,220 | £348,220 |
| 3 Month Average | 374.977 % | £202,487 | £256,487 |
| 6 Month Average | 391.160 % | £211,226 | £265,226 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jun 2022 | £260,570 | £255,000 | 1 WESTWOOD CLOSE |
| 20 Jun 2022 | £229,915 | £225,000 | 37 PARKLANDS AVENUE |
| 25 Mar 2022 | £297,521 | £285,000 | 5 KING JAMES CLOSE |
| 20 Dec 2021 | £269,827 | £250,000 | 5 PARKLANDS AVENUE |
| 30 Apr 2021 | £352,637 | £310,000 | 2B PARKLANDS AVENUE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 21 Jul 2020. Using an estimated price of £255,383 means this house is valued at £3,596 per sq meter (£334 per sq foot).
The average size of a house on WESTWOOD CLOSE is 81 sq meters (880 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Westwood Close |
| Apr 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Westwood Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Charles Road |
| Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Charles Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Magdalen Crescent |