£107,786
This estimated value is based upon the latest sale price for the house of £67,000 on 25 May 2007. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
There has been one burglary within the last year on or near Wells Street
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| Price Paid | Date |
|---|---|
| £67,000 | 25 May 2007 |
| £37,000 | 2 Jul 2004 |
| £26,950 | 25 Oct 2002 |
| £24,000 | 2 Jun 1998 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in May 2007 the House Price Index for NORTH EAST LINCOLNSHIRE was 93.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.875%.Applying this 60.875% change to the original purchase price of £67,000 results in an estimated price of approximately £107,786.
| 25 May 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 149.7 | 60.875 % | £67,000 | £40,786 | £107,786 |
The Postcode Pricing Model uses changes in average sales price within the DN31 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 | 10.694 % | £7,164 | £74,164 |
| 3 Month Average | 4.580 % | £3,068 | £70,068 |
| 6 Month Average | 12.431 % | £8,328 | £75,328 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £66,014 | £65,000 | 14 LINCOLN BOULEVARD |
| 19 Dec 2023 | £77,378 | £75,000 | 116 CROMWELL ROAD |
| 28 Nov 2023 | £97,474 | £95,000 | 46 WHARTON STREET |
| 5 Sep 2023 | £54,195 | £53,000 | 6 LINCOLN BOULEVARD |
| 1 Aug 2023 | £84,524 | £83,000 | 5 WELLS STREET |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 19 Dec 2018. Using an estimated price of £107,786 means this house is valued at £1,658 per sq meter (£154 per sq foot).
The average size of a house on LINCOLN BOULEVARD is 87 sq meters (946 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Wells Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Wells Street |
| Sep 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Wells Street |
| Aug 2024 | Drugs | Awaiting court outcome | On or near Wells Street |
| Aug 2024 | Burglary | Unable to prosecute suspect | On or near Wells Street |