£8,580,018
This estimated value is based upon the latest sale price for the house of £8,464,541 on 5 Jul 2023. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £8,464,541 | 5 Jul 2023 |
| Freehold |
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 July 2023 the House Price Index for ISLE OF WIGHT was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £8,464,541 results in an estimated price of approximately £8,580,018.
| 5 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £8,464,541 | £115,477 | £8,580,018 |
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 | -39.425 % | £-3,337,134 | £5,127,406 |
| 3 Month Average | -7.408 % | £-627,057 | £7,837,483 |
| 6 Month Average | -8.787 % | £-743,742 | £7,720,798 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £491,617 | £485,000 | CONSTANCE LITTLE WHITEHOUSE ROAD |
| 5 Jul 2023 | £8,580,019 | £8,464,541 | OAKLAWN THORNESS LANE |
| 5 Apr 2023 | £303,265 | £300,000 | THE HOMESTEAD COTTAGE MAIN ROAD |
| 24 Feb 2023 | £514,654 | £515,000 | COLEMANS FARM COLEMANS LANE |
| 5 Jan 2023 | £497,656 | £500,000 | HOLMWOOD MAIN ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Thorness Lane |
| Apr 2024 | Drugs | Under investigation | On or near Thorness Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Thorness Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Thorness Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Thorness Lane |