£415,731
This estimated value is based upon the latest sale price for the house of £135,000 on 8 Feb 2002. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £135,000 | 8 Feb 2002 |
| 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 February 2002 the House Price Index for ISLE OF WIGHT was 48.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 207.949%.Applying this 207.949% change to the original purchase price of £135,000 results in an estimated price of approximately £415,731.
| 8 Feb 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 48.3 | 148.6 | 207.949 % | £135,000 | £280,731 | £415,731 |
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 | 155.412 % | £209,805 | £344,805 |
| 3 Month Average | 58.999 % | £79,649 | £214,649 |
| 6 Month Average | 92.524 % | £124,906 | £259,906 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £620,000 | £620,000 | WOODBURY NINGWOOD HILL |
| 15 Nov 2023 | £492,288 | £485,000 | BLUEBELL COTTAGE WELLOW ROAD |
| 23 Jun 2023 | £799,687 | £790,000 | NINGWOOD OLD STATION WELLOW ROAD |
| 13 Jun 2023 | £526,376 | £520,000 | STONECOT STATION ROAD |
| 19 Jan 2023 | £472,773 | £475,000 | WELLOW POST OFFICE WELLOW TOP ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Main Road |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Parking Area |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Blacksmiths Lane |