£58,245
This estimated value is based upon the latest sale price for the house of £57,000 on 23 Jun 2022. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £57,000 | 23 Jun 2022 |
| £49,500 | 10 Jul 2006 |
| £18,500 | 23 Feb 2001 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 966 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in June 2022 the House Price Index for NORTH EAST LINCOLNSHIRE was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £57,000 results in an estimated price of approximately £58,245.
| 23 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £57,000 | £1,245 | £58,245 |
The Postcode Pricing Model uses changes in average sales price within the DN40 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 | -5.110 % | £-2,912 | £54,087 |
| 3 Month Average | 3.091 % | £1,761 | £58,761 |
| 6 Month Average | 5.874 % | £3,347 | £60,347 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £83,568 | £81,000 | 4 INGS LANE |
| 1 Sep 2023 | £112,428 | £109,950 | 53 TALBOT ROAD |
| 1 Jun 2023 | £87,759 | £86,000 | 55 TALBOT ROAD |
| 28 Apr 2023 | £81,525 | £80,000 | 30 TALBOT ROAD |
| 19 Apr 2023 | £98,849 | £97,000 | 14 TALBOT ROAD |
This house has a floor area of 89 sq meters or 966 sq feet when measured on 18 Nov 2010. Using an estimated price of £58,245 means this house is valued at £648 per sq meter (£60 per sq foot).
The average size of a house on SOMERTON ROAD is 97 sq meters (1,054 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Unable to prosecute suspect | On or near Somerton Road |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Somerton Road |
| May 2024 | Violence and sexual offences | Awaiting court outcome | On or near Somerton Road |
| May 2024 | Violence and sexual offences | Awaiting court outcome | On or near Somerton Road |
| May 2024 | Violence and sexual offences | Under investigation | On or near Somerton Road |