£298,982
This estimated value is based upon the latest sale price for the house of £249,950 on 18 Sep 2020. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £249,950 | 18 Sep 2020 |
| Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 September 2020 the House Price Index for LINCOLNSHIRE was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £249,950 results in an estimated price of approximately £298,982.
| 18 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £249,950 | £49,032 | £298,982 |
The Postcode Pricing Model uses changes in average sales price within the LN2 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 | -4.392 % | £-10,976 | £238,973 |
| 3 Month Average | 4.495 % | £11,234 | £261,184 |
| 6 Month Average | 10.422 % | £26,049 | £275,999 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £201,182 | £195,000 | 273 WOLSEY WAY |
| 1 Nov 2023 | £215,469 | £210,000 | 16 MARIGOLD CLOSE |
| 24 Aug 2023 | £224,041 | £220,000 | 17 MARIGOLD CLOSE |
| 22 Jun 2023 | £382,669 | £375,000 | 6 HARPERS ROAD |
| 13 Mar 2023 | £228,821 | £225,000 | 14 HARPERS ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 3 Sep 2020. Using an estimated price of £298,983 means this house is valued at £3,476 per sq meter (£322 per sq foot).
The average size of a house on HAMMOND ROAD is 85 sq meters (919 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Hammond Road | |
| Jul 2024 | Other theft | Under investigation | On or near Hammond Road |
| Jul 2024 | Violence and sexual offences | Formal action is not in the public interest | On or near Hammond Road |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Hammond Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Harpers Road |