£139,804
This estimated value is based upon the latest sale price for the house of £112,000 on 30 Apr 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£112,000 | 30 Apr 2018 |
Terraced |
Freehold |
Floor Area: 47 sq meters or 505 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 April 2018 the House Price Index for LINCOLNSHIRE was 119.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.825%.Applying this 24.825% change to the original purchase price of £112,000 results in an estimated price of approximately £139,804.
30 Apr 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.0 | 148.6 | 24.825 % | £112,000 | £27,804 | £139,804 |
The Postcode Pricing Model uses changes in average sales price within the LN6 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 | 15.061 % | £16,868 | £128,868 |
3 Month Average | 23.367 % | £26,171 | £138,171 |
6 Month Average | 15.892 % | £17,798 | £129,798 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £127,226 | £125,000 | 18 ELSHAM CLOSE |
20 Sep 2023 | £175,241 | £173,000 | 14 SPILSBY CLOSE |
6 Sep 2023 | £232,979 | £230,000 | 3 ELSHAM CRESCENT |
4 Sep 2023 | £131,684 | £130,000 | 16 STRUBBY CLOSE |
11 Aug 2023 | £86,759 | £86,000 | 1 STRUBBY CLOSE |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 11 Jan 2018. Using an estimated price of £139,804 means this house is valued at £2,974 per sq meter (£276 per sq foot).
The average size of a house on SPILSBY CLOSE is 44 sq meters (481 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Elsham Close |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Elsham Close |
Mar 2024 | Other theft | Under investigation | On or near Folkingham Close |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Folkingham Close |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Folkingham Close |