£107,011
This estimated value is based upon the latest sale price for the house of £56,500 on 19 Jan 2005. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £56,500 | 19 Jan 2005 |
| £37,950 | 30 Aug 2002 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 939 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 January 2005 the House Price Index for NORTH EAST LINCOLNSHIRE was 79.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 89.400%.Applying this 89.400% change to the original purchase price of £56,500 results in an estimated price of approximately £107,011.
| 19 Jan 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.0 | 149.7 | 89.400 % | £56,500 | £50,511 | £107,011 |
The Postcode Pricing Model uses changes in average sales price within the DN31 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 | 45.623 % | £25,777 | £82,277 |
| 3 Month Average | 43.878 % | £24,791 | £81,291 |
| 6 Month Average | 33.528 % | £18,943 | £75,443 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jul 2024 | £78,000 | £78,000 | 28 FAIRFAX ROAD |
| 15 Dec 2023 | £93,369 | £90,500 | 39 FAIRFAX ROAD |
| 1 Aug 2023 | £84,524 | £83,000 | 5 WELLS STREET |
| 19 Jun 2023 | £105,106 | £103,000 | 109 CROMWELL ROAD |
| 9 Jun 2023 | £74,493 | £73,000 | 9 WELLS STREET |
This house has a floor area of 87 sq meters or 939 sq feet when measured on 5 May 2009. Using an estimated price of £107,011 means this house is valued at £1,226 per sq meter (£113 per sq foot).
The average size of a house on CROMWELL ROAD is 91 sq meters (980 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Jun 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Petrol Station |