£112,479
This estimated value is based upon the latest sale price for the house of £110,000 on 22 Sep 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 |
|---|---|
| £110,000 | 22 Sep 2023 |
| £89,000 | 30 Nov 2018 |
| £75,500 | 26 Jun 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 35 sq meters or 382 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 September 2023 the House Price Index for ISLE OF WIGHT was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £110,000 results in an estimated price of approximately £112,479.
| 22 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £110,000 | £2,479 | £112,479 |
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 | 54.164 % | £59,580 | £169,580 |
| 3 Month Average | 21.027 % | £23,129 | £133,129 |
| 6 Month Average | 3.864 % | £4,250 | £114,250 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £174,176 | £171,500 | 7 RUDDINGTON COURT ORCHARD CLOSE |
| 15 Nov 2023 | £230,860 | £225,000 | 29 EDINBURGH ROAD |
| 28 Sep 2023 | £112,480 | £110,000 | 7B ORCHARD CLOSE |
| 22 Sep 2023 | £112,480 | £110,000 | 7 WOODLAND COURT ORCHARD CLOSE |
| 23 Feb 2023 | £342,286 | £340,000 | DERRY DOWNS HOOKE HILL |
This house has a floor area of 35 sq meters or 382 sq feet when measured on 2 Oct 2009. Using an estimated price of £112,480 means this house is valued at £3,163 per sq meter (£293 per sq foot).
The average size of a house on ORCHARD CLOSE is 59 sq meters (641 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Orchard Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Orchard Close |
| Aug 2024 | Burglary | Under investigation | On or near Hooke Hill |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Edinburgh Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Edinburgh Road |