£230,514
This estimated value is based upon the latest sale price for the house of £148,000 on 1 May 2014. 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 Chaucer'S Way
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| Price Paid | Date |
|---|---|
| £148,000 | 1 May 2014 |
| £124,995 | 31 Jan 2011 |
| £162,000 | 13 Jul 2007 |
| Detached |
| Freehold |
| Floor Area: 71 sq meters or 771 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 May 2014 the House Price Index for LINCOLNSHIRE was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £148,000 results in an estimated price of approximately £230,514.
| 1 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £148,000 | £82,514 | £230,514 |
The Postcode Pricing Model uses changes in average sales price within the PE11 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 | 52.196 % | £77,249 | £225,249 |
| 3 Month Average | 47.469 % | £70,254 | £218,254 |
| 6 Month Average | 50.070 % | £74,103 | £222,103 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jun 2024 | £188,000 | £188,000 | 11 FIRST AVENUE |
| 2 Feb 2023 | £176,177 | £175,000 | 7 THIRD AVENUE |
| 19 Jan 2023 | £205,549 | £205,000 | 37 PILGRIMS WAY |
| 29 Sep 2022 | £226,848 | £227,000 | 29 STOUR CLOSE |
| 15 Jun 2022 | £168,604 | £165,000 | 275 PENNYGATE |
This house has a floor area of 71 sq meters or 771 sq feet when measured on 3 Aug 2010. Using an estimated price of £230,515 means this house is valued at £3,214 per sq meter (£298 per sq foot).
The average size of a house on CHAUCERS WAY is 88 sq meters (953 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Chaucer'S Way |
| Sep 2024 | Anti-social behaviour | On or near Third Avenue | |
| Sep 2024 | Anti-social behaviour | On or near Third Avenue | |
| Sep 2024 | Anti-social behaviour | On or near Third Avenue | |
| Sep 2024 | Anti-social behaviour | On or near Third Avenue |