£102,548
This estimated value is based upon the latest sale price for the house of £83,000 on 4 Nov 2019. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £83,000 | 4 Nov 2019 |
| £78,000 | 12 May 2014 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in November 2019 the House Price Index for NORTH EAST LINCOLNSHIRE was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £83,000 results in an estimated price of approximately £102,548.
| 4 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £83,000 | £19,548 | £102,548 |
The Postcode Pricing Model uses changes in average sales price within the DN34 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 | 7.166 % | £5,947 | £88,947 |
| 3 Month Average | 15.077 % | £12,514 | £95,514 |
| 6 Month Average | 18.205 % | £15,109 | £98,109 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 May 2024 | £124,000 | £124,000 | 32 SPRINGWAY CRESCENT |
| 15 Mar 2024 | £64,999 | £64,000 | 56 SPRING BANK |
| 17 Oct 2023 | £102,324 | £100,000 | 9 SPRINGWAY CRESCENT |
| 12 Jun 2023 | £79,595 | £78,000 | 32 DOUGLAS AVENUE |
| 20 Mar 2023 | £127,123 | £125,000 | 113 SPRING BANK |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 27 Mar 2019. Using an estimated price of £102,549 means this house is valued at £1,464 per sq meter (£136 per sq foot).
The average size of a house on SPRING BANK is 72 sq meters (783 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Douglas Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Douglas Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Douglas Avenue |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Spring Bank |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Spring Bank |