£329,483
This estimated value is based upon the latest sale price for the house of £322,000 on 27 Oct 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £322,000 | 27 Oct 2023 |
| £161,500 | 30 Apr 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 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 October 2023 the House Price Index for LINCOLNSHIRE was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £322,000 results in an estimated price of approximately £329,483.
| 27 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £322,000 | £7,483 | £329,483 |
The Postcode Pricing Model uses changes in average sales price within the PE9 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 | 41.327 % | £133,071 | £455,071 |
| 3 Month Average | 10.462 % | £33,686 | £355,686 |
| 6 Month Average | 2.797 % | £9,005 | £331,005 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £317,500 | £317,500 | 46 CAITHNESS ROAD |
| 4 Dec 2023 | £448,790 | £435,000 | 9 DUNDEE DRIVE |
| 27 Oct 2023 | £329,483 | £322,000 | 1 MELROSE CLOSE |
| 6 Oct 2023 | £399,064 | £390,000 | 91 CAITHNESS ROAD |
| 19 Sep 2023 | £495,932 | £485,000 | 39 DUNDEE DRIVE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 2 Dec 2013. Using an estimated price of £329,483 means this house is valued at £4,018 per sq meter (£373 per sq foot).
The average size of a house on MELROSE CLOSE is 116 sq meters (1,250 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Melrose Close | |
| Jul 2024 | Anti-social behaviour | On or near Melrose Close | |
| Jul 2024 | Anti-social behaviour | On or near Melrose Close | |
| Jul 2024 | Anti-social behaviour | On or near Melrose Close | |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Falkirk Close |