£128,448
This estimated value is based upon the latest sale price for the house of £29,000 on 21 May 1999. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £29,000 | 21 May 1999 |
| £25,000 | 19 Feb 1999 |
| £29,500 | 25 Apr 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 May 1999 the House Price Index for LINCOLNSHIRE was 33.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 342.927%.Applying this 342.927% change to the original purchase price of £29,000 results in an estimated price of approximately £128,448.
| 21 May 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.5 | 148.6 | 342.927 % | £29,000 | £99,448 | £128,448 |
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 | 268.912 % | £77,984 | £106,984 |
| 3 Month Average | 300.469 % | £87,136 | £116,136 |
| 6 Month Average | 318.989 % | £92,506 | £121,506 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £193,384 | £190,000 | 11 SHORWELL CLOSE |
| 8 Sep 2023 | £146,878 | £145,000 | 6 EAST AVENUE |
| 4 Sep 2023 | £131,684 | £130,000 | 4 EAST AVENUE |
| 8 Mar 2023 | £211,997 | £210,000 | 15 NEWPORT AVENUE |
| 13 Oct 2022 | £192,923 | £195,000 | 16 SHORWELL CLOSE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 19 Jul 2016. Using an estimated price of £128,449 means this house is valued at £1,459 per sq meter (£135 per sq foot).
The average size of a house on THE AVENUE is 119 sq meters (1,287 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near The Avenue | |
| Feb 2024 | Anti-social behaviour | On or near The Avenue | |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Avenue |
| Feb 2024 | Other crime | Under investigation | On or near The Avenue |
| Jan 2024 | Anti-social behaviour | On or near The Grove |