£133,352
This estimated value is based upon the latest sale price for the house of £98,000 on 24 Mar 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
There has been one burglary within the last year on or near Shopping Area
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| Price Paid | Date |
|---|---|
| £98,000 | 24 Mar 2016 |
| £83,500 | 16 Dec 2004 |
| £39,950 | 31 Aug 2001 |
| £26,400 | 7 Jul 1997 |
| £17,750 | 13 Jun 1996 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 March 2016 the House Price Index for LINCOLNSHIRE was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £98,000 results in an estimated price of approximately £133,352.
| 24 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £98,000 | £35,352 | £133,352 |
The Postcode Pricing Model uses changes in average sales price within the NG34 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 | 40.393 % | £39,585 | £137,585 |
| 3 Month Average | 41.758 % | £40,922 | £138,922 |
| 6 Month Average | 34.889 % | £34,191 | £132,191 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jun 2024 | £85,000 | £85,000 | 15 BOSTON ROAD |
| 18 Mar 2024 | £964,824 | £950,000 | 1 MAREHAM LANE |
| 19 Dec 2023 | £128,963 | £125,000 | 16 EAST BANKS |
| 13 Dec 2023 | £371,413 | £360,000 | 23 MAREHAM LANE |
| 30 Jun 2023 | £454,100 | £445,000 | 3 PINETREES COURT BOSTON ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 14 Jul 2020. Using an estimated price of £133,352 means this house is valued at £1,666 per sq meter (£154 per sq foot).
The average size of a house on ALBION TERRACE is 91 sq meters (984 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Shopping Area | |
| Oct 2024 | Anti-social behaviour | On or near Shopping Area | |
| Sep 2024 | Anti-social behaviour | On or near Shopping Area | |
| Sep 2024 | Anti-social behaviour | On or near Shopping Area | |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Shopping Area |