£150,378
This estimated value is based upon the latest sale price for the house of £120,000 on 22 Jun 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
There has been one burglary within the last year on or near Redbourne Drive
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Price Paid | Date |
---|---|
£120,000 | 22 Jun 2018 |
£110,000 | 22 Aug 2016 |
£87,500 | 19 Oct 2012 |
£118,000 | 7 Sep 2007 |
£90,000 | 11 Mar 2005 |
Semi-Detached |
Freehold |
Floor Area: 70 sq meters or 753 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 2018 the House Price Index for LINCOLNSHIRE was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £120,000 results in an estimated price of approximately £150,378.
22 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.5 | 149.7 | 25.315 % | £120,000 | £30,378 | £150,378 |
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 | 1.480 % | £1,776 | £121,776 |
3 Month Average | 27.629 % | £33,155 | £153,155 |
6 Month Average | 28.001 % | £33,601 | £153,601 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Oct 2023 | £153,486 | £150,000 | 3 CABOURNE COURT |
30 Aug 2023 | £160,902 | £158,000 | 1 THURLBY CRESCENT |
11 Apr 2023 | £157,954 | £155,000 | 10 REDBOURNE DRIVE |
5 Apr 2023 | £180,883 | £177,500 | 5 LAUGHTON WAY |
14 Sep 2022 | £179,880 | £180,000 | 16 REDBOURNE DRIVE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 19 Jul 2012. Using an estimated price of £150,378 means this house is valued at £2,148 per sq meter (£199 per sq foot).
The average size of a house on REDBOURNE DRIVE is 83 sq meters (899 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Burglary | Under investigation | On or near Redbourne Drive |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Redbourne Drive |
Jun 2024 | Public order | Unable to prosecute suspect | On or near Redbourne Drive |
Jun 2024 | Anti-social behaviour | On or near Redbourne Drive | |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Redbourne Drive |