£245,577
This estimated value is based upon the latest sale price for the house of £240,000 on 27 Feb 2024. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £240,000 | 27 Feb 2024 |
| £179,000 | 12 Mar 2020 |
| £140,000 | 12 Sep 2013 |
| £64,500 | 16 May 2000 |
| £42,000 | 4 Apr 1997 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 February 2024 the House Price Index for ISLE OF WIGHT was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £240,000 results in an estimated price of approximately £245,577.
| 27 Feb 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £240,000 | £5,577 | £245,577 |
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 | 26.588 % | £63,811 | £303,811 |
| 3 Month Average | -22.707 % | £-54,496 | £185,503 |
| 6 Month Average | 25.164 % | £60,392 | £300,392 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 8 Nov 2023 | £154,420 | £150,500 | FLAT 3 SILCOMBE COURT COLWELL LANE |
| 16 Oct 2023 | £304,414 | £297,500 | 14 JAMESON GARDENS |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 3 Feb 2017.
The average size of a house on COLWELL LANE is 105 sq meters (1,136 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Princes Close |
| Oct 2024 | Vehicle crime | Under investigation | On or near Colwell Lane |
| Oct 2024 | Public order | Under investigation | On or near Solent Gardens |
| Oct 2024 | Other crime | Further investigation is not in the public interest | On or near Solent Gardens |
| Sep 2024 | Criminal damage and arson | Further investigation is not in the public interest | On or near Solent Gardens |