£270,661
This estimated value is based upon the latest sale price for the house of £220,000 on 21 Feb 2019. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £220,000 | 21 Feb 2019 |
| £224,999 | 29 Nov 2016 |
| Detached |
| Leasehold |
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 February 2019 the House Price Index for LINCOLNSHIRE was 120.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.028%.Applying this 23.028% change to the original purchase price of £220,000 results in an estimated price of approximately £270,661.
| 21 Feb 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.0 | 23.028 % | £220,000 | £50,661 | £270,661 |
The Postcode Pricing Model uses changes in average sales price within the LN6 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 | 17.556 % | £38,624 | £258,624 |
| 3 Month Average | 12.214 % | £26,871 | £246,871 |
| 6 Month Average | 16.653 % | £36,636 | £256,636 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £154,990 | £153,000 | 37 FORGE WAY |
| 15 Jun 2022 | £196,997 | £195,000 | 7 FERROUS WAY |
| 22 Feb 2022 | £271,560 | £260,000 | 57 CRUCIBLE CLOSE |
| 18 Nov 2021 | £301,601 | £280,000 | 1 CUPOLA CLOSE |
| 18 Oct 2021 | £275,447 | £249,950 | 64 FERROUS WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Forge Way |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Forge Way |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Forge Way |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Grace Avenue |
| Mar 2024 | Anti-social behaviour | On or near Cupola Close |