£139,091
This estimated value is based upon the latest sale price for the house of £116,000 on 11 Aug 2020. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £116,000 | 11 Aug 2020 |
| £68,000 | 31 Aug 2001 |
| £28,500 | 26 Mar 1999 |
| Terraced |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 August 2020 the House Price Index for LINCOLNSHIRE was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £116,000 results in an estimated price of approximately £139,091.
| 11 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £116,000 | £23,091 | £139,091 |
The Postcode Pricing Model uses changes in average sales price within the NG31 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 | 85.893 % | £99,635 | £215,635 |
| 3 Month Average | 9.018 % | £10,460 | £126,460 |
| 6 Month Average | 22.580 % | £26,192 | £142,192 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £177,630 | £175,000 | 82 HOUGHTON ROAD |
| 21 Aug 2023 | £116,015 | £115,000 | 75 EDWARD STREET |
| 27 Jul 2023 | £186,510 | £184,000 | 91 HOUGHTON ROAD |
| 30 Nov 2022 | £177,846 | £180,000 | 62 HOUGHTON ROAD |
| 1 Nov 2022 | £88,923 | £90,000 | 39A EDWARD STREET |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 16 Jul 2019. Using an estimated price of £139,092 means this house is valued at £1,312 per sq meter (£121 per sq foot).
The average size of a house on HOUGHTON ROAD is 108 sq meters (1,171 sq feet).