£127,074
This estimated value is based upon the latest sale price for the house of £78,000 on 3 Jun 2008. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £78,000 | 3 Jun 2008 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 732 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 June 2008 the House Price Index for LINCOLNSHIRE was 91.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 62.916%.Applying this 62.916% change to the original purchase price of £78,000 results in an estimated price of approximately £127,074.
| 3 Jun 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.9 | 149.7 | 62.916 % | £78,000 | £49,074 | £127,074 |
The Postcode Pricing Model uses changes in average sales price within the LN5 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 | -18.165 % | £-14,168 | £63,831 |
| 3 Month Average | 32.167 % | £25,090 | £103,090 |
| 6 Month Average | 37.302 % | £29,095 | £107,095 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2024 | £120,000 | £120,000 | 8 VICTORIA STREET |
| 5 Mar 2024 | £83,280 | £82,000 | 4 ALBANY TERRACE |
| 18 Dec 2023 | £105,234 | £102,000 | 5 ALBANY TERRACE |
| 20 Oct 2023 | £153,486 | £150,000 | 23 MAPLE STREET |
| 20 Oct 2023 | £133,021 | £130,000 | 83 MAPLE STREET |
This house has a floor area of 68 sq meters or 732 sq feet when measured on 13 Oct 2008. Using an estimated price of £127,074 means this house is valued at £1,867 per sq meter (£173 per sq foot).
The average size of a house on CONNAUGHT TERRACE is 68 sq meters (731 sq feet).