£448,031
This estimated value is based upon the latest sale price for the house of £360,000 on 15 Mar 2019. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £360,000 | 15 Mar 2019 |
| £85,750 | 30 May 1997 |
| £77,500 | 26 Jan 1996 |
| 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 March 2019 the House Price Index for ISLE OF WIGHT was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.453%.Applying this 24.453% change to the original purchase price of £360,000 results in an estimated price of approximately £448,031.
| 15 Mar 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.453 % | £360,000 | £88,031 | £448,031 |
The Postcode Pricing Model uses changes in average sales price within the PO30 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 | 17.803 % | £64,089 | £424,089 |
| 3 Month Average | 14.254 % | £51,312 | £411,312 |
| 6 Month Average | 21.124 % | £76,046 | £436,046 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Aug 2024 | £412,500 | £412,500 | SWIRL HOW MERSTONE LANE |
| 15 Dec 2023 | £388,436 | £376,500 | 6 NEWLANDS MERSTONE LANE |
| 17 Nov 2023 | £251,381 | £245,000 | 2 LONGMEADE |
| 3 Nov 2023 | £497,632 | £485,000 | NIRVANA MERSTONE LANE |
| 30 Jun 2023 | £1,510,266 | £1,480,000 | FULFORD FARM |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Merstone Lane |
| Sep 2024 | Other theft | Under investigation | On or near Budbridge Lane |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Main Road |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Pritchetts Way |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Pritchetts Way |