£56,220
This estimated value is based upon the latest sale price for the house of £47,000 on 28 Sep 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 |
|---|---|
| £47,000 | 28 Sep 2020 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 September 2020 the House Price Index for NORTH EAST LINCOLNSHIRE was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £47,000 results in an estimated price of approximately £56,220.
| 28 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £47,000 | £9,220 | £56,220 |
The Postcode Pricing Model uses changes in average sales price within the DN31 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 | 111.856 % | £52,572 | £99,572 |
| 3 Month Average | 2.070 % | £972 | £47,972 |
| 6 Month Average | 18.200 % | £8,553 | £55,553 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £45,395 | £44,000 | 95 GILBEY ROAD |
| 8 Dec 2023 | £55,712 | £54,000 | 131 GILBEY ROAD |
| 14 Nov 2023 | £33,346 | £32,500 | 116 GILBEY ROAD |
| 1 Aug 2023 | £88,598 | £87,000 | 155 NEWHAVEN TERRACE |
| 21 Jun 2023 | £63,268 | £62,000 | 97 GILBEY ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 20 May 2016. Using an estimated price of £56,220 means this house is valued at £638 per sq meter (£59 per sq foot).
The average size of a house on GILBEY ROAD is 88 sq meters (949 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Clavering Street |
| Aug 2024 | Criminal damage and arson | Under investigation | On or near Clavering Street |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Clavering Street |
| Jul 2024 | Public order | Unable to prosecute suspect | On or near Clavering Street |
| Oct 2024 | Possession of weapons | Under investigation | On or near New Haven Terrace |