£68,420
This estimated value is based upon the latest sale price for the house of £55,000 on 7 Sep 2018. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £55,000 | 7 Sep 2018 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in September 2018 the House Price Index for NORTH EAST LINCOLNSHIRE was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £55,000 results in an estimated price of approximately £68,420.
| 7 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.401 % | £55,000 | £13,420 | £68,420 |
The Postcode Pricing Model uses changes in average sales price within the DN37 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 | 44.634 % | £24,548 | £79,548 |
| 3 Month Average | 14.010 % | £7,705 | £62,705 |
| 6 Month Average | 16.806 % | £9,243 | £64,243 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £96,482 | £95,000 | 6 ESKDALE WAY |
| 16 Jun 2023 | £53,574 | £52,500 | 375 CROMWELL ROAD |
| 3 Apr 2023 | £76,430 | £75,000 | 69 WESTERDALE WAY |
| 24 Feb 2023 | £50,336 | £50,000 | 1 WINGATE PARADE |
| 5 Jul 2022 | £70,709 | £70,000 | 21 FOUNTAINS AVENUE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 8 May 2018. Using an estimated price of £68,420 means this house is valued at £824 per sq meter (£76 per sq foot).
The average size of a house on MERSEY WAY is 108 sq meters (1,172 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Willow Place |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Willow Place |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Willow Place |
| May 2024 | Other crime | Under investigation | On or near Willow Place |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Willow Place |