£575,769
This estimated value is based upon the latest sale price for the house of £545,000 on 24 Feb 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £545,000 | 24 Feb 2022 |
| £295,000 | 30 Apr 2007 |
| Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 February 2022 the House Price Index for LINCOLNSHIRE was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £545,000 results in an estimated price of approximately £575,769.
| 24 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £545,000 | £30,769 | £575,769 |
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 | 12.032 % | £65,576 | £610,576 |
| 3 Month Average | 1.402 % | £7,638 | £552,638 |
| 6 Month Average | 0.510 % | £2,778 | £547,778 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £1,232,884 | £1,195,000 | 31 EMPINGHAM ROAD |
| 5 Jan 2023 | £270,723 | £270,000 | 10 TORKINGTON STREET |
| 16 May 2022 | £277,222 | £270,000 | 54 EMPINGHAM ROAD |
| 24 Feb 2022 | £575,769 | £545,000 | 1 VENCE CLOSE |
| 23 Feb 2022 | £464,788 | £439,950 | 56 EMPINGHAM ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 14 Aug 2019. Using an estimated price of £575,769 means this house is valued at £7,575 per sq meter (£703 per sq foot).
The average size of a house on VENCE CLOSE is 190 sq meters (2,045 sq feet).
This house is the smallest in the street with a floor area of 76 sq meters (818 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Torkington Street |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beverley Gardens |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beverley Gardens |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beverley Gardens |
| Aug 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Beverley Gardens |