£115,506
This estimated value is based upon the latest sale price for the house of £65,000 on 28 Feb 2006. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £65,000 | 28 Feb 2006 |
| Semi-Detached |
| Leasehold |
| Floor Area: 71 sq meters or 764 sq feet |
This model uses changes in the Official Land Registry House Price Index for LINCOLNSHIRE to estimate the market value.
When this house was purchased in February 2006 the House Price Index for LINCOLNSHIRE was 83.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 77.703%.Applying this 77.703% change to the original purchase price of £65,000 results in an estimated price of approximately £115,506.
| 28 Feb 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.6 | 148.6 | 77.703 % | £65,000 | £50,506 | £115,506 |
The Postcode Pricing Model uses changes in average sales price within the LN5 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 | 84.614 % | £54,999 | £119,999 |
| 3 Month Average | 55.562 % | £36,115 | £101,115 |
| 6 Month Average | 52.983 % | £34,438 | £99,438 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £131,954 | £130,000 | 351 BRANT ROAD |
| 8 Sep 2023 | £207,655 | £205,000 | 2 MULBERRY CLOSE |
| 9 Jun 2023 | £187,268 | £185,000 | 21 LIME CRESCENT |
| 26 Apr 2022 | £195,662 | £190,000 | 7 WILLOUGHBY LANE |
| 11 Apr 2022 | £162,708 | £158,000 | 1 MULBERRY CLOSE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 25 Oct 2016. Using an estimated price of £115,507 means this house is valued at £1,626 per sq meter (£151 per sq foot).
The average size of a house on MULBERRY CLOSE is 78 sq meters (841 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rowan Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Willoughby Lane |