£329,386
This estimated value is based upon the latest sale price for the house of £335,000 on 16 Jan 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £335,000 | 16 Jan 2023 |
| £170,000 | 14 Nov 2012 |
| Detached |
| Freehold |
| Floor Area: 152 sq meters or 1,636 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 January 2023 the House Price Index for LINCOLNSHIRE was 149.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.676%.Applying this -1.676% change to the original purchase price of £335,000 results in an estimated price of approximately £329,386.
| 16 Jan 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.2 | 146.7 | -1.676 % | £335,000 | £-5,613 | £329,386 |
The Postcode Pricing Model uses changes in average sales price within the PE25 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 | -21.180 % | £-70,952 | £264,047 |
| 3 Month Average | -22.806 % | £-76,399 | £258,600 |
| 6 Month Average | -12.775 % | £-42,796 | £292,203 |
This house has a floor area of 152 sq meters or 1,636 sq feet when measured on 18 Sep 2020.
The average size of a house on DRUMMOND ROAD is 140 sq meters (1,514 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Under investigation | On or near Merriemeade Drive |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Merriemeade Drive |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Wilford Grove |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Wilford Grove |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Wilford Grove |