£330,931
This estimated value is based upon the latest sale price for the house of £215,000 on 9 Jul 2014. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £215,000 | 9 Jul 2014 |
| £172,500 | 11 Feb 2004 |
| Detached |
| Freehold |
| Floor Area: 149 sq meters or 1,603 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 July 2014 the House Price Index for LINCOLNSHIRE was 97.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 53.921%.Applying this 53.921% change to the original purchase price of £215,000 results in an estimated price of approximately £330,931.
| 9 Jul 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 149.7 | 53.921 % | £215,000 | £115,931 | £330,931 |
The Postcode Pricing Model uses changes in average sales price within the PE10 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 | 18.267 % | £39,273 | £254,273 |
| 3 Month Average | 66.239 % | £142,414 | £357,414 |
| 6 Month Average | 51.069 % | £109,798 | £324,798 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £350,000 | £350,000 | 3 JASMINE CLOSE |
| 30 Nov 2023 | £469,929 | £458,000 | 14 WISTERIA WAY |
| 21 Apr 2023 | £407,624 | £400,000 | 6 LILAC CLOSE |
| 9 Sep 2022 | £327,281 | £327,500 | 5 JASMINE CLOSE |
| 22 Aug 2022 | £340,593 | £339,000 | 2 CEDAR DRIVE |
This house has a floor area of 149 sq meters or 1,603 sq feet when measured on 8 Jan 2014. Using an estimated price of £330,931 means this house is valued at £2,221 per sq meter (£206 per sq foot).
The average size of a house on LAVENDER WAY is 118 sq meters (1,273 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Holly Drive |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Holly Drive |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rosemary Gardens |