£216,503
This estimated value is based upon the latest sale price for the house of £128,000 on 14 Dec 2012. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £128,000 | 14 Dec 2012 |
| £95,000 | 27 Sep 2002 |
| £71,995 | 26 Oct 2001 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 December 2012 the House Price Index for LINCOLNSHIRE was 87.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.144%.Applying this 69.144% change to the original purchase price of £128,000 results in an estimated price of approximately £216,503.
| 14 Dec 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 148.6 | 69.144 % | £128,000 | £88,503 | £216,503 |
The Postcode Pricing Model uses changes in average sales price within the NG34 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 | 54.390 % | £69,619 | £197,619 |
| 3 Month Average | 53.839 % | £68,914 | £196,914 |
| 6 Month Average | 56.978 % | £72,931 | £200,931 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2023 | £228,070 | £225,000 | 14 MAGNOLIA ROAD |
| 8 Feb 2023 | £317,286 | £317,500 | 7 ROWAN CLOSE |
| 2 Aug 2022 | £199,463 | £200,000 | 19 LIMETREE CLOSE |
| 27 Apr 2022 | £219,605 | £213,250 | 17 ROWAN CLOSE |
| 3 Nov 2021 | £167,635 | £155,000 | 9 MAGNOLIA ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 30 Apr 2012. Using an estimated price of £216,504 means this house is valued at £2,706 per sq meter (£251 per sq foot).
The average size of a house on ROWAN CLOSE is 90 sq meters (973 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Oak Road | |
| Feb 2024 | Anti-social behaviour | On or near Oak Road | |
| Mar 2024 | Other theft | Under investigation | On or near Mulberry Close |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Berry Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Berry Close |