£134,531
This estimated value is based upon the latest sale price for the house of £105,000 on 12 Jun 2017. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £105,000 | 12 Jun 2017 |
| £105,000 | 25 Sep 2015 |
| £109,950 | 5 Oct 2005 |
| £51,995 | 16 Feb 2001 |
| £47,995 | 8 Nov 2000 |
| £22,500 | 19 Jun 2000 |
| £20,000 | 26 Aug 1997 |
| Terraced |
| Freehold |
| Floor Area: 59 sq meters or 635 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 June 2017 the House Price Index for LINCOLNSHIRE was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £105,000 results in an estimated price of approximately £134,531.
| 12 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £105,000 | £29,531 | £134,531 |
The Postcode Pricing Model uses changes in average sales price within the PE11 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 | -17.403 % | £-18,273 | £86,726 |
| 3 Month Average | 22.208 % | £23,317 | £128,317 |
| 6 Month Average | 24.934 % | £26,181 | £131,181 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Aug 2023 | £133,669 | £132,500 | 14 WELLAND CLOSE |
| 28 Jul 2023 | £121,637 | £120,000 | 17 WELLAND CLOSE |
| 16 Jun 2023 | £587,112 | £580,000 | OLD WELLAND COTTAGE, 66 LONDON ROAD |
| 1 Jun 2023 | £161,962 | £160,000 | 101B LONDON ROAD |
| 10 Mar 2023 | £201,902 | £200,000 | 99 LONDON ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 10 Jun 2015. Using an estimated price of £134,532 means this house is valued at £2,280 per sq meter (£211 per sq foot).
The average size of a house on WATER LANE is 65 sq meters (706 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Water Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Water Lane |
| Mar 2024 | Vehicle crime | Under investigation | On or near Gamlyn Close |