£114,290
This estimated value is based upon the latest sale price for the house of £62,250 on 14 Oct 2005. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £62,250 | 14 Oct 2005 |
| Terraced |
| Freehold |
| Floor Area: 51 sq meters or 548 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 2005 the House Price Index for LINCOLNSHIRE was 81.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 83.599%.Applying this 83.599% change to the original purchase price of £62,250 results in an estimated price of approximately £114,290.
| 14 Oct 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.5 | 149.7 | 83.599 % | £62,250 | £52,040 | £114,290 |
The Postcode Pricing Model uses changes in average sales price within the DN21 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 | 64.052 % | £39,872 | £102,122 |
| 3 Month Average | 33.612 % | £20,923 | £83,173 |
| 6 Month Average | 34.475 % | £21,460 | £83,710 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jun 2023 | £94,392 | £92,500 | 5 DROVERS COURT LEA ROAD |
| 6 Jun 2023 | £114,290 | £112,000 | 3 MELDRUM DRIVE |
| 26 Apr 2023 | £280,242 | £275,000 | 2 WILLOUGHBY CHASE |
| 10 Feb 2023 | £161,076 | £160,000 | 18 WILLOUGHBY CHASE |
| 6 May 2022 | £133,477 | £130,000 | 14 MELDRUM DRIVE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 11 Apr 2017. Using an estimated price of £114,291 means this house is valued at £2,241 per sq meter (£208 per sq foot).
The average size of a house on MELDRUM DRIVE is 77 sq meters (836 sq feet).
This house is the smallest in the street with a floor area of 51 sq meters (548 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Meldrum Drive |
| Jun 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Meldrum Drive |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Meldrum Drive |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Meldrum Drive |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Drovers Court |