£67,790
This estimated value is based upon the latest sale price for the house of £55,000 on 28 Feb 2020. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £55,000 | 28 Feb 2020 |
| Terraced |
| Freehold |
| Floor Area: 127 sq meters or 1,367 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 February 2020 the House Price Index for NORTH EAST LINCOLNSHIRE was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £55,000 results in an estimated price of approximately £67,790.
| 28 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £55,000 | £12,790 | £67,790 |
The Postcode Pricing Model uses changes in average sales price within the DN31 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 | 46.616 % | £25,638 | £80,638 |
| 3 Month Average | 15.884 % | £8,735 | £63,735 |
| 6 Month Average | 13.303 % | £7,316 | £62,316 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £32,499 | £32,000 | FLAT 1 9 THORGAM COURT |
| 20 Dec 2023 | £36,110 | £35,000 | FLAT 1 3 THORGAM COURT |
| 14 Apr 2022 | £98,555 | £95,000 | 11 BRAMBLE CLOSE |
| 20 Dec 2021 | £101,185 | £93,750 | 18 BRAMBLE CLOSE |
| 17 Dec 2021 | £124,115 | £114,995 | 3 BRAMBLE CLOSE |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 17 May 2019. Using an estimated price of £67,790 means this house is valued at £533 per sq meter (£49 per sq foot).
The average size of a house on CROMWELL AVENUE is 126 sq meters (1,364 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Under investigation | On or near Bramble Close |
| Jul 2024 | Other theft | Under investigation | On or near Bramble Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Bramble Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Bramble Close |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Bramble Close |