£5,974,824
This estimated value is based upon the latest sale price for the house of £975,000 on 19 May 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 |
|---|---|
| £975,000 | 19 May 2023 |
| Detached |
| 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 May 2023 the House Price Index for ISLE OF WIGHT was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £975,000 results in an estimated price of approximately £5,974,824.
| 19 May 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 149.7 | 512.803 % | £975,000 | £4,999,824 | £5,974,824 |
The Postcode Pricing Model uses changes in average sales price within the PO39 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 | -36.430 % | £-355,188 | £619,811 |
| 3 Month Average | -54.777 % | £-534,077 | £440,922 |
| 6 Month Average | -43.191 % | £-421,109 | £553,890 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £300,418 | £295,000 | HOPE COTTAGE WESTON LANE |
| 22 Aug 2023 | £1,067,249 | £1,048,000 | 4 HEADON REACH ALUM BAY NEW ROAD |
| 22 Jun 2023 | £892,894 | £875,000 | 1 HEADON REACH ALUM BAY NEW ROAD |
| 9 Jan 2023 | £897,398 | £895,000 | 6 HEADON REACH ALUM BAY NEW ROAD |
| 4 Nov 2022 | £457,859 | £460,000 | WIGHT HAVEN WESTON LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Hurst Hill |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Glenheadon Drive |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cranstoun Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St Saviour'S Road |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Alum Bay Old Road |