£256,947
This estimated value is based upon the latest sale price for the house of £253,000 on 8 Mar 2024. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £253,000 | 8 Mar 2024 |
| £175,000 | 20 Nov 2018 |
| £145,000 | 8 Sep 2009 |
| £90,000 | 30 Aug 2002 |
| £59,950 | 26 Nov 1999 |
| £46,500 | 30 May 1997 |
| 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 March 2024 the House Price Index for ISLE OF WIGHT was 147.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.560%.Applying this 1.560% change to the original purchase price of £253,000 results in an estimated price of approximately £256,947.
| 8 Mar 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.4 | 149.7 | 1.560 % | £253,000 | £3,947 | £256,947 |
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 | 38.127 % | £96,461 | £349,461 |
| 3 Month Average | 7.893 % | £19,969 | £272,969 |
| 6 Month Average | 16.386 % | £41,456 | £294,456 |
| 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 78 sq meters or 839 sq feet when measured on 19 Dec 2017. Using an estimated price of £256,948 means this house is valued at £3,294 per sq meter (£306 per sq foot).
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 | Under investigation | On or near Princes Close |
| Sep 2024 | Criminal damage and arson | Further investigation is not in the public interest | On or near Solent Gardens |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Solent Gardens |
| Aug 2024 | Anti-social behaviour | On or near Elm Close | |
| Aug 2024 | Anti-social behaviour | On or near Elm Close |