£400,722
This estimated value is based upon the latest sale price for the house of £375,000 on 30 Jun 2021. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £375,000 | 30 Jun 2021 |
| 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 June 2021 the House Price Index for ISLE OF WIGHT was 138.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.859%.Applying this 6.859% change to the original purchase price of £375,000 results in an estimated price of approximately £400,722.
| 30 Jun 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.0 | 6.859 % | £375,000 | £25,722 | £400,722 |
The Postcode Pricing Model uses changes in average sales price within the PO41 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 | 17.778 % | £66,665 | £441,665 |
| 3 Month Average | 30.824 % | £115,590 | £490,590 |
| 6 Month Average | 152.950 % | £573,563 | £948,563 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £411,390 | £410,000 | LIGHTWOOD COTTAGE MAIN ROAD |
| 12 Mar 2024 | £250,847 | £250,000 | TATTELS COTTAGE TATTELS LANE |
| 19 Jan 2023 | £470,864 | £475,000 | WELLOW POST OFFICE WELLOW TOP ROAD |
| 27 Oct 2022 | £527,164 | £535,000 | SCHOOL HOUSE TATTELS LANE |
| 4 Oct 2022 | £610,919 | £620,000 | NEW HOUSE COTTAGE MAIN ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Under investigation | On or near Broad Lane |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Parking Area |
| Apr 2024 | Public order | Under investigation | On or near Wilmingham Lane |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Blacksmiths Lane |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tattels Lane |