£218,444
This estimated value is based upon the latest sale price for the house of £140,250 on 12 May 2014. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £140,250 | 12 May 2014 |
| £115,000 | 24 Jan 2007 |
| £88,000 | 7 Feb 2003 |
| £48,000 | 19 Feb 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 2014 the House Price Index for LINCOLNSHIRE was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £140,250 results in an estimated price of approximately £218,444.
| 12 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £140,250 | £78,194 | £218,444 |
The Postcode Pricing Model uses changes in average sales price within the LN1 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 | 35.201 % | £49,369 | £189,619 |
| 3 Month Average | 39.541 % | £55,456 | £195,706 |
| 6 Month Average | 46.431 % | £65,119 | £205,369 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2024 | £267,321 | £265,000 | 60 ROMAN WHARF |
| 14 Mar 2024 | £190,426 | £187,500 | 82 ROMAN WHARF |
| 12 Oct 2023 | £199,532 | £195,000 | 29 SEVERN STREET |
| 18 Aug 2023 | £137,480 | £135,000 | 19 DERWENT STREET |
| 15 Aug 2023 | £285,143 | £280,000 | 66 ROMAN WHARF |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 6 Mar 2014. Using an estimated price of £218,444 means this house is valued at £2,951 per sq meter (£274 per sq foot).
The average size of a house on SEVERN STREET is 90 sq meters (975 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Derwent Street |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Derwent Street |
| Sep 2024 | Other crime | Under investigation | On or near Derwent Street |
| Oct 2024 | Shoplifting | Under investigation | On or near Petrol Station |
| Oct 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |