£229,929
This estimated value is based upon the latest sale price for the house of £90,000 on 4 Dec 2002. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £90,000 | 4 Dec 2002 |
| Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in December 2002 the House Price Index for NORTH EAST LINCOLNSHIRE was 58.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 155.477%.Applying this 155.477% change to the original purchase price of £90,000 results in an estimated price of approximately £229,929.
| 4 Dec 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 58.6 | 149.7 | 155.477 % | £90,000 | £139,929 | £229,929 |
The Postcode Pricing Model uses changes in average sales price within the DN37 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 | 205.503 % | £184,952 | £274,952 |
| 3 Month Average | 152.117 % | £136,905 | £226,905 |
| 6 Month Average | 140.003 % | £126,002 | £216,002 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £187,000 | £187,000 | 5 ALBATROSS DRIVE |
| 31 Mar 2023 | £237,974 | £234,000 | 20 CORMORANT DRIVE |
| 10 Feb 2023 | £161,076 | £160,000 | 6 CORMORANT DRIVE |
| 24 Oct 2022 | £171,926 | £172,500 | 10 FORTUNA WAY |
| 10 May 2022 | £231,019 | £225,000 | 41 ALBATROSS DRIVE |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 11 Oct 2015. Using an estimated price of £229,929 means this house is valued at £2,370 per sq meter (£220 per sq foot).
The average size of a house on CORMORANT DRIVE is 102 sq meters (1,105 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Aylesby Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Aylesby Road |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Aylesby Road |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Aylesby Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Aylesby Road |