£57,463
This estimated value is based upon the latest sale price for the house of £50,000 on 9 Jul 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £50,000 | 9 Jul 2021 |
| £44,000 | 11 Sep 2018 |
| £42,000 | 15 Jan 2010 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 July 2021 the House Price Index for LINCOLNSHIRE was 129.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.927%.Applying this 14.927% change to the original purchase price of £50,000 results in an estimated price of approximately £57,463.
| 9 Jul 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.6 | 14.927 % | £50,000 | £7,463 | £57,463 |
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 | 31.679 % | £15,839 | £65,839 |
| 3 Month Average | 7.276 % | £3,637 | £53,637 |
| 6 Month Average | 2.215 % | £1,107 | £51,107 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Aug 2023 | £46,406 | £46,000 | 1 THORNDIKE COURT KING STREET |
| 21 Apr 2023 | £59,642 | £59,000 | 26 CLINTON TERRACE |
| 19 Apr 2023 | £45,490 | £45,000 | 9 LINDEN TERRACE |
| 3 Feb 2023 | £44,970 | £45,000 | 28 LINDEN TERRACE |
| 19 Jan 2023 | £37,822 | £38,000 | 40 LINDEN TERRACE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 23 Jun 2018. Using an estimated price of £57,463 means this house is valued at £845 per sq meter (£78 per sq foot).
The average size of a house on PORTLAND TERRACE is 71 sq meters (771 sq feet).