£202,290
This estimated value is based upon the latest sale price for the house of £55,175 on 16 Nov 2000. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £55,175 | 16 Nov 2000 |
| Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 November 2000 the House Price Index for LINCOLNSHIRE was 40.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 266.635%.Applying this 266.635% change to the original purchase price of £55,175 results in an estimated price of approximately £202,290.
| 16 Nov 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.8 | 149.7 | 266.635 % | £55,175 | £147,115 | £202,290 |
The Postcode Pricing Model uses changes in average sales price within the NG31 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 | 302.103 % | £166,685 | £221,860 |
| 3 Month Average | 285.548 % | £157,551 | £212,726 |
| 6 Month Average | 255.863 % | £141,172 | £196,347 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £156,819 | £152,000 | 14 THIRD AVENUE |
| 29 Jun 2023 | £270,419 | £265,000 | 14 FIRST AVENUE |
| 31 Mar 2023 | £300,010 | £295,000 | 16 TOM CHILDS CLOSE |
| 17 Jun 2022 | £141,014 | £138,000 | 15 SECOND AVENUE |
| 7 Jan 2022 | £169,632 | £160,000 | 43 SECOND AVENUE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 29 Nov 2017. Using an estimated price of £202,291 means this house is valued at £3,371 per sq meter (£313 per sq foot).
The average size of a house on THIRD AVENUE is 74 sq meters (805 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Second Avenue |
| Oct 2024 | Vehicle crime | Under investigation | On or near Second Avenue |
| Oct 2024 | Public order | Under investigation | On or near Cavendish Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Cavendish Way |
| Aug 2024 | Anti-social behaviour | On or near Cavendish Way |