£127,618
This estimated value is based upon the latest sale price for the house of £118,000 on 8 Nov 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £118,000 | 8 Nov 2021 |
| £103,000 | 8 Feb 2019 |
| £80,000 | 21 Jan 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 93 sq meters or 1,001 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 November 2021 the House Price Index for LINCOLNSHIRE was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £118,000 results in an estimated price of approximately £127,618.
| 8 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £118,000 | £9,618 | £127,618 |
The Postcode Pricing Model uses changes in average sales price within the LN11 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 | -0.272 % | £-320 | £117,679 |
| 3 Month Average | 6.507 % | £7,678 | £125,678 |
| 6 Month Average | 0.976 % | £1,151 | £119,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £101,781 | £100,000 | 8A MERCER ROW |
| 12 Jan 2023 | £119,437 | £120,000 | 1 SHARPLEYS COURT KIDGATE |
| 8 Apr 2022 | £96,801 | £94,000 | APARTMENT 2 REINDEER BUILDING, 11 MERCER ROW |
| 6 Apr 2022 | £278,046 | £270,000 | 4 MARKET PLACE |
| 31 Mar 2022 | £102,590 | £99,000 | APARTMENT 1 REINDEER BUILDINGS, 11 MERCER ROW |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 9 Jul 2013. Using an estimated price of £127,619 means this house is valued at £1,372 per sq meter (£127 per sq foot).
There is one other house on the street which we know the size of, this is 5A MARKET PLACE it is 103.96
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Feb 2024 | Public order | Under investigation | On or near Parking Area |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Public order | Awaiting court outcome | On or near Parking Area |