£230,056
This estimated value is based upon the latest sale price for the house of £48,500 on 27 May 1998. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £48,500 | 27 May 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 May 1998 the House Price Index for LINCOLNSHIRE was 31.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 374.343%.Applying this 374.343% change to the original purchase price of £48,500 results in an estimated price of approximately £230,056.
| 27 May 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.6 | 149.7 | 374.343 % | £48,500 | £181,556 | £230,056 |
The Postcode Pricing Model uses changes in average sales price within the LN11 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 | 425.763 % | £206,495 | £254,995 |
| 3 Month Average | 295.081 % | £143,114 | £191,614 |
| 6 Month Average | 312.252 % | £151,442 | £199,942 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £211,499 | £205,000 | 28 PRIORY CLOSE |
| 14 Aug 2023 | £198,582 | £195,000 | 41 PRIORY CLOSE |
| 30 Jun 2023 | £295,930 | £290,000 | 37 TRINITY LANE |
| 29 Jun 2023 | £156,129 | £153,000 | 5 TRINITY LANE |
| 29 Jun 2023 | £198,988 | £195,000 | 28A TRINITY LANE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 19 Mar 2015. Using an estimated price of £230,057 means this house is valued at £2,500 per sq meter (£232 per sq foot).
The average size of a house on PRIORY CLOSE is 71 sq meters (769 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Trinity Lane |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Priory Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Priory Road |
| Jul 2024 | Anti-social behaviour | On or near Eastgate | |
| May 2024 | Violence and sexual offences | Under investigation | On or near Eastgate |