£630,279
This estimated value is based upon the latest sale price for the house of £367,500 on 24 Feb 2012. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£367,500 | 24 Feb 2012 |
Terraced |
Freehold |
Floor Area: 447 sq meters or 4,811 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 2012 the House Price Index for LINCOLNSHIRE was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.505%.Applying this 71.505% change to the original purchase price of £367,500 results in an estimated price of approximately £630,279.
24 Feb 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.6 | 148.6 | 71.505 % | £367,500 | £262,779 | £630,279 |
The Postcode Pricing Model uses changes in average sales price within the LN11 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 | 37.971 % | £139,543 | £507,043 |
3 Month Average | 77.153 % | £283,535 | £651,035 |
6 Month Average | 56.722 % | £208,452 | £575,952 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Sep 2023 | £202,590 | £200,000 | 18 WESTGATE |
29 Jun 2023 | £364,414 | £360,000 | 62 CROWTREE LANE |
1 Sep 2022 | £196,414 | £198,000 | 29 WESTGATE |
12 Aug 2022 | £564,481 | £566,000 | 34 ST MARYS LANE |
1 Jul 2022 | £511,377 | £510,000 | 35B ST MARYS LANE |
This house has a floor area of 447 sq meters or 4,811 sq feet when measured on 2 May 2011. Using an estimated price of £630,279 means this house is valued at £1,410 per sq meter (£130 per sq foot).
The average size of a house on WESTGATE is 130 sq meters (1,409 sq feet).
This house is the largest in the street with a floor area of 447 sq meters (4,811 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near St Mary'S Lane |
Mar 2024 | Violence and sexual offences | Under investigation | On or near St Mary'S Lane |
Apr 2024 | Criminal damage and arson | Under investigation | On or near Somersby Court |
Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Somersby Court |
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Edward Street |