£276,648
This estimated value is based upon the latest sale price for the house of £220,000 on 6 Apr 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £220,000 | 6 Apr 2018 |
| £120,000 | 5 Sep 2005 |
| £79,500 | 10 Oct 2003 |
| £28,500 | 8 Apr 1997 |
| Semi-Detached |
| Freehold |
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 April 2018 the House Price Index for LINCOLNSHIRE was 119.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.749%.Applying this 25.749% change to the original purchase price of £220,000 results in an estimated price of approximately £276,648.
| 6 Apr 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 149.7 | 25.749 % | £220,000 | £56,648 | £276,648 |
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 | -3.133 % | £-6,893 | £213,106 |
| 3 Month Average | 22.713 % | £49,968 | £269,968 |
| 6 Month Average | 19.632 % | £43,190 | £263,190 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jan 2023 | £571,527 | £570,000 | THE OLD FORGE ROYAL OAK LANE |
| 6 May 2022 | £308,025 | £300,000 | 25 ROYAL OAK LANE |
| 29 Apr 2022 | £389,033 | £375,000 | 3 BLACKMOOR ROAD |
| 31 Jan 2022 | £477,089 | £450,000 | UNIT 2 LINCOLN ENTERPRISE PARK NEWARK ROAD |
| 6 Dec 2021 | £388,551 | £360,000 | LINDUM VIEW BUTTS LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Baileys Lane | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Chapel Lane |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chapel Lane |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Dovecote Lane |
| Aug 2024 | Drugs | Under investigation | On or near Royal Oak Lane |