£277,252
This estimated value is based upon the latest sale price for the house of £225,000 on 29 May 2020. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £225,000 | 29 May 2020 |
| £220,000 | 27 Mar 2015 |
| £170,000 | 25 Nov 2011 |
| £63,000 | 29 Mar 1996 |
| Detached |
| Freehold |
| Floor Area: 132 sq meters or 1,420 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 May 2020 the House Price Index for NORTH EAST LINCOLNSHIRE was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £225,000 results in an estimated price of approximately £277,252.
| 29 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £225,000 | £52,252 | £277,252 |
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 | -10.754 % | £-24,196 | £200,803 |
| 3 Month Average | 17.845 % | £40,150 | £265,150 |
| 6 Month Average | 23.622 % | £53,150 | £278,150 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Aug 2024 | £180,000 | £180,000 | 43 GLOUCESTER AVENUE |
| 4 Dec 2023 | £113,436 | £109,950 | 229 MILTON ROAD |
| 15 Nov 2023 | £125,178 | £122,000 | 146 LACEBY ROAD |
| 30 Oct 2023 | £163,718 | £160,000 | 93 LACEBY ROAD |
| 13 Oct 2023 | £177,276 | £173,250 | 130 LACEBY ROAD |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 23 Jul 2018. Using an estimated price of £277,253 means this house is valued at £2,100 per sq meter (£195 per sq foot).
The average size of a house on LACEBY ROAD is 104 sq meters (1,124 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Gloucester Avenue |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sturton Grove |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Sturton Grove |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Sturton Grove |
| Oct 2024 | Anti-social behaviour | On or near Sturton Grove |