£1,536,296
This estimated value is based upon the latest sale price for the house of £1,300,000 on 30 Oct 2020. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £1,300,000 | 30 Oct 2020 |
| £340,000 | 10 Dec 1997 |
| Detached |
| Freehold |
| Floor Area: 358 sq meters or 3,853 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 October 2020 the House Price Index for ISLE OF WIGHT was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £1,300,000 results in an estimated price of approximately £1,536,296.
| 30 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £1,300,000 | £236,296 | £1,536,296 |
The Postcode Pricing Model uses changes in average sales price within the PO35 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 | -52.242 % | £-679,144 | £620,855 |
| 3 Month Average | -24.987 % | £-324,834 | £975,165 |
| 6 Month Average | 4.813 % | £62,570 | £1,362,570 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Apr 2024 | £479,161 | £475,000 | 2 HOWGATE CLOSE |
| 3 Nov 2023 | £487,371 | £475,000 | 5 THE BRAMBLES |
| 22 Mar 2023 | £203,397 | £200,000 | 1 DRIFTWOOD LANE END ROAD |
| 9 Jan 2023 | £293,284 | £292,500 | 6 BROOKS CLOSE |
| 26 Sep 2022 | £278,404 | £278,590 | AIKEN DRUM LANE END ROAD |
This house has a floor area of 358 sq meters or 3,853 sq feet when measured on 26 Apr 2019. Using an estimated price of £1,536,297 means this house is valued at £4,291 per sq meter (£398 per sq foot).
The average size of a house on LANE END ROAD is 133 sq meters (1,435 sq feet).
This house is the largest in the street with a floor area of 358 sq meters (3,853 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Drugs | Local resolution | On or near Beach House Lane |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Willowdene Court |
| Jul 2024 | Public order | Under investigation | On or near Wavesound Close |
| Jul 2024 | Drugs | Under investigation | On or near Wavesound Close |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Poplar Close |