£79,161
This estimated value is based upon the latest sale price for the house of £64,000 on 2 Aug 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £64,000 | 2 Aug 2018 |
| £55,000 | 13 Apr 2007 |
| £18,500 | 21 Mar 2002 |
| Terraced |
| Freehold |
| Floor Area: 56 sq meters or 602 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 August 2018 the House Price Index for LINCOLNSHIRE was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £64,000 results in an estimated price of approximately £79,161.
| 2 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £64,000 | £15,161 | £79,161 |
The Postcode Pricing Model uses changes in average sales price within the DN21 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 | -4.826 % | £-3,088 | £60,911 |
| 3 Month Average | 12.682 % | £8,116 | £72,116 |
| 6 Month Average | 10.778 % | £6,897 | £70,897 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2023 | £80,871 | £80,000 | 6 MELROSE ROAD |
| 28 Nov 2022 | £103,743 | £105,000 | 12 MELROSE ROAD |
| 31 Aug 2022 | £59,839 | £60,000 | 10 HENLEY COURT |
| 3 Aug 2022 | £104,718 | £105,000 | 3 HOTSPUR ROAD |
| 17 Jun 2022 | £66,946 | £66,000 | 27 NOEL STREET |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 18 Jan 2020. Using an estimated price of £79,162 means this house is valued at £1,413 per sq meter (£131 per sq foot).
The average size of a house on MELROSE ROAD is 89 sq meters (959 sq feet).
This house is the smallest in the street with a floor area of 56 sq meters (602 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Melrose Road |
| Apr 2024 | Public order | Under investigation | On or near Noel Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Noel Street |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Curzon Street |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Curzon Street |