£201,594
This estimated value is based upon the latest sale price for the house of £162,000 on 7 Feb 2019. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £162,000 | 7 Feb 2019 |
| Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,096 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 2019 the House Price Index for LINCOLNSHIRE was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £162,000 results in an estimated price of approximately £201,594.
| 7 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.441 % | £162,000 | £39,594 | £201,594 |
The Postcode Pricing Model uses changes in average sales price within the PE21 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 | -2.755 % | £-4,462 | £157,537 |
| 3 Month Average | 6.165 % | £9,987 | £171,987 |
| 6 Month Average | 8.733 % | £14,147 | £176,147 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £208,199 | £205,000 | 11 BRACKENBURY WAY |
| 17 Nov 2023 | £134,412 | £131,000 | 14 MEDFORTH LANE |
| 11 Oct 2023 | £286,507 | £280,000 | 52 GREEN LANE |
| 28 Sep 2023 | £171,787 | £168,000 | 48 MEDFORTH LANE |
| 20 Feb 2023 | £113,257 | £112,500 | 4 MEDFORTH LANE |
This house has a floor area of 101 sq meters or 1,096 sq feet when measured on 2 Aug 2010. Using an estimated price of £201,595 means this house is valued at £1,978 per sq meter (£183 per sq foot).
The average size of a house on RED CAP LANE is 134 sq meters (1,451 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Medforth Lane |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Sinclair Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Davey Close |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Parsons Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Burrows Close |