£179,652
This estimated value is based upon the latest sale price for the house of £120,000 on 15 Oct 2014. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £120,000 | 15 Oct 2014 |
| £127,000 | 1 Nov 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 October 2014 the House Price Index for LINCOLNSHIRE was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £120,000 results in an estimated price of approximately £179,652.
| 15 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £120,000 | £59,652 | £179,652 |
The Postcode Pricing Model uses changes in average sales price within the NG31 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 | 50.901 % | £61,081 | £181,081 |
| 3 Month Average | 55.920 % | £67,103 | £187,103 |
| 6 Month Average | 49.994 % | £59,993 | £179,993 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £232,030 | £230,000 | 11 ROSEMARY CRESCENT |
| 22 Jun 2023 | £248,004 | £245,000 | 26 WESTSIDE AVENUE |
| 30 Mar 2022 | £305,697 | £295,000 | 19 WYVILLE ROAD |
| 9 Aug 2021 | £167,342 | £150,000 | 7 WESTSIDE AVENUE |
| 30 Jun 2021 | £246,773 | £230,000 | 37 ROSEMARY CRESCENT |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 8 May 2013. Using an estimated price of £179,653 means this house is valued at £1,931 per sq meter (£179 per sq foot).
The average size of a house on WELWYN CLOSE is 101 sq meters (1,092 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Welwyn Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Welwyn Close |
| Feb 2024 | Drugs | Offender given a caution | On or near Welwyn Close |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rosemary Crescent |
| Apr 2024 | Possession of weapons | Under investigation | On or near Westside Avenue |