£387,092
This estimated value is based upon the latest sale price for the house of £385,000 on 3 Mar 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £385,000 | 3 Mar 2023 |
| £280,000 | 28 Oct 2019 |
| Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 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 March 2023 the House Price Index for LINCOLNSHIRE was 147.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.543%.Applying this 0.543% change to the original purchase price of £385,000 results in an estimated price of approximately £387,092.
| 3 Mar 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.0 | 0.543 % | £385,000 | £2,092 | £387,092 |
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 | -26.814 % | £-103,235 | £281,764 |
| 3 Month Average | -25.687 % | £-98,894 | £286,105 |
| 6 Month Average | 5.322 % | £20,488 | £405,488 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £347,461 | £343,000 | 48 QUEENS WALK |
| 24 Nov 2023 | £207,666 | £205,000 | 30 EMPINGHAM ROAD |
| 22 Aug 2023 | £923,114 | £917,500 | 5 EMPINGHAM ROAD |
| 3 Mar 2023 | £387,092 | £385,000 | 1 THE PADDOCK |
| 15 Jul 2022 | £224,696 | £225,000 | 20 EMPINGHAM ROAD |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 4 Dec 2018. Using an estimated price of £387,092 means this house is valued at £6,345 per sq meter (£589 per sq foot).
The average size of a house on THE PADDOCK is 79 sq meters (855 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Clare Close |
| Feb 2024 | Anti-social behaviour | On or near Windmill Way | |
| Feb 2024 | Anti-social behaviour | On or near Windmill Way | |
| Feb 2024 | Anti-social behaviour | On or near Windmill Way | |
| Jan 2024 | Anti-social behaviour | On or near Foundry Road |