£159,702
This estimated value is based upon the latest sale price for the house of £118,500 on 5 Feb 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£118,500 | 5 Feb 2016 |
£120,000 | 2 Aug 2011 |
£125,000 | 26 Jun 2008 |
£54,000 | 29 Mar 2001 |
£55,950 | 8 Dec 2000 |
£34,995 | 15 Nov 1996 |
Terraced |
Freehold |
Floor Area: 103 sq meters or 1,108 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 February 2016 the House Price Index for LINCOLNSHIRE was 108.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 34.770%.Applying this 34.770% change to the original purchase price of £118,500 results in an estimated price of approximately £159,702.
5 Feb 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
108.9 | 146.7 | 34.770 % | £118,500 | £41,202 | £159,702 |
The Postcode Pricing Model uses changes in average sales price within the PE25 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 | 18.709 % | £22,170 | £140,670 |
3 Month Average | 21.111 % | £25,015 | £143,515 |
6 Month Average | 33.687 % | £39,919 | £158,419 |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 26 Mar 2010.
The average size of a house on SOMERSBY GROVE is 96 sq meters (1,038 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Lifeboat Avenue | |
Feb 2024 | Anti-social behaviour | On or near Lifeboat Avenue | |
Feb 2024 | Anti-social behaviour | On or near Lifeboat Avenue | |
Feb 2024 | Anti-social behaviour | On or near Lifeboat Avenue | |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lifeboat Avenue |