£228,615
This estimated value is based upon the latest sale price for the house of £200,000 on 2 Dec 2020. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
There has been one burglary within the last year on or near Chine Close
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| Price Paid | Date |
|---|---|
| £200,000 | 2 Dec 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 2020 the House Price Index for ISLE OF WIGHT was 129.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.308%.Applying this 14.308% change to the original purchase price of £200,000 results in an estimated price of approximately £228,615.
| 2 Dec 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.0 | 14.308 % | £200,000 | £28,615 | £228,615 |
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 | -22.045 % | £-44,089 | £155,910 |
| 3 Month Average | 18.072 % | £36,143 | £236,143 |
| 6 Month Average | 20.755 % | £41,509 | £241,509 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Jul 2023 | £201,859 | £199,950 | CHALET 1 HONEYSUCKLE COTTAGE COLWELL CHINE ROAD |
| 3 Mar 2023 | £741,005 | £737,000 | 8 SMALL HORSE FARM CLOSE |
| 9 Feb 2023 | £452,858 | £455,000 | ALTAIR COLWELL CHINE ROAD |
| 3 Feb 2023 | £353,329 | £355,000 | CHARNWOOD MADEIRA LANE |
| 26 Jan 2023 | £664,166 | £670,000 | SUMMER BREEZE, 12 CHINE CLOSE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 12 Jan 2015. Using an estimated price of £228,616 means this house is valued at £2,930 per sq meter (£272 per sq foot).
The average size of a house on COLWELL ROAD is 164 sq meters (1,766 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chine Close |
| Feb 2024 | Burglary | Unable to prosecute suspect | On or near Chine Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Birch Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Martine Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Martine Close |