£55,172
This estimated value is based upon the latest sale price for the house of £32,000 on 13 Dec 2010. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £32,000 | 13 Dec 2010 |
| Detached |
| Freehold |
| Floor Area: 127 sq meters or 1,369 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 December 2010 the House Price Index for LINCOLNSHIRE was 86.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.415%.Applying this 72.415% change to the original purchase price of £32,000 results in an estimated price of approximately £55,172.
| 13 Dec 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.8 | 149.7 | 72.415 % | £32,000 | £23,172 | £55,172 |
The Postcode Pricing Model uses changes in average sales price within the PE10 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 | 73.688 % | £23,580 | £55,580 |
| 3 Month Average | 65.600 % | £20,991 | £52,991 |
| 6 Month Average | 53.694 % | £17,182 | £49,182 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £118,646 | £115,000 | 75 THE POLLARDS |
| 3 Nov 2023 | £68,232 | £66,500 | 48 SPRINGBANK DRIVE |
| 20 Sep 2023 | £393,678 | £385,000 | 2 WATER LANE |
| 30 Mar 2023 | £61,166 | £60,145 | 78 THE POLLARDS |
| 31 Oct 2022 | £109,634 | £110,000 | 31 WATER LANE |
This house has a floor area of 127 sq meters or 1,369 sq feet when measured on 3 Dec 2010. Using an estimated price of £55,173 means this house is valued at £433 per sq meter (£40 per sq foot).
The average size of a house on WATER LANE is 100 sq meters (1,082 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Springbank Drive |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Water Lane |
| Jul 2024 | Anti-social behaviour | On or near Elsea Park Way | |
| Jul 2024 | Anti-social behaviour | On or near Elsea Park Way | |
| Jul 2024 | Anti-social behaviour | On or near Elsea Park Way |