£612,760
This estimated value is based upon the latest sale price for the house of £475,000 on 18 Jan 2017. This value is then adjusted by the current Official House Price Index for ISLE OF WIGHT 1
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| Price Paid | Date |
|---|---|
| £475,000 | 18 Jan 2017 |
| £367,000 | 1 Jun 2007 |
| Detached |
| Freehold |
| Floor Area: 251 sq meters or 2,701 sq feet |
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 January 2017 the House Price Index for ISLE OF WIGHT was 113.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 29.002%.Applying this 29.002% change to the original purchase price of £475,000 results in an estimated price of approximately £612,760.
| 18 Jan 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 146.7 | 29.002 % | £475,000 | £137,760 | £612,760 |
The Postcode Pricing Model uses changes in average sales price within the PO40 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 | 21.903 % | £104,041 | £579,041 |
| 3 Month Average | 29.937 % | £142,200 | £617,200 |
| 6 Month Average | 25.168 % | £119,546 | £594,546 |
This house has a floor area of 251 sq meters or 2,701 sq feet when measured on 1 Sep 2020.
The average size of a house on MONKS LANE is 122 sq meters (1,317 sq feet).
This house is the largest in the street with a floor area of 251 sq meters (2,701 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Colwell Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Colwell Road |
| Mar 2024 | Anti-social behaviour | On or near Colwell Road | |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Colwell Road |
| Mar 2024 | Anti-social behaviour | On or near Colwell Road |