£123,465
This estimated value is based upon the latest sale price for the house of £99,950 on 15 Feb 2019. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £99,950 | 15 Feb 2019 |
| £122,995 | 22 Sep 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 February 2019 the House Price Index for LINCOLNSHIRE was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £99,950 results in an estimated price of approximately £123,465.
| 15 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £99,950 | £23,515 | £123,465 |
The Postcode Pricing Model uses changes in average sales price within the NG31 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 | 7.461 % | £7,457 | £107,407 |
| 3 Month Average | 23.344 % | £23,332 | £123,282 |
| 6 Month Average | 21.011 % | £21,000 | £120,950 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £207,633 | £204,000 | 31 MAYFLOWER MEWS |
| 11 Aug 2023 | £267,339 | £265,000 | 10 BURROWS CLOSE |
| 27 Jan 2023 | £73,155 | £73,500 | 27 MAYFLOWER MEWS |
| 18 Nov 2022 | £242,068 | £245,000 | 2 BURROWS CLOSE |
| 22 Apr 2022 | £104,525 | £101,500 | 106 HUDSON WAY |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 19 Nov 2013. Using an estimated price of £123,465 means this house is valued at £1,691 per sq meter (£157 per sq foot).
The average size of a house on MAYFLOWER MEWS is 72 sq meters (780 sq feet).