£255,075
This estimated value is based upon the latest sale price for the house of £208,000 on 18 Oct 2019. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £208,000 | 18 Oct 2019 |
| Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 October 2019 the House Price Index for NORTH EAST LINCOLNSHIRE was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £208,000 results in an estimated price of approximately £255,075.
| 18 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £208,000 | £47,075 | £255,075 |
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 | -14.746 % | £-30,671 | £177,328 |
| 3 Month Average | 25.065 % | £52,134 | £260,134 |
| 6 Month Average | 12.614 % | £26,238 | £234,238 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £222,849 | £220,000 | 24 TIMBERLEY DRIVE |
| 27 Sep 2023 | £283,626 | £280,000 | 37 MAYFAIR DRIVE WEST |
| 2 Jun 2023 | £248,004 | £245,000 | 48 WABY CLOSE |
| 21 Feb 2023 | £174,882 | £175,000 | 21 GEDNEY CLOSE |
| 6 Jul 2022 | £316,853 | £316,000 | 25 MAYFAIR DRIVE WEST |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 12 Apr 2019. Using an estimated price of £255,075 means this house is valued at £2,040 per sq meter (£189 per sq foot).
The average size of a house on MAYFAIR DRIVE WEST is 181 sq meters (1,958 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mayfair Drive West |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Mayfair Drive West |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gedney Close |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gedney Close |
| Feb 2024 | Anti-social behaviour | On or near Wybers Way |