£120,534
This estimated value is based upon the latest sale price for the house of £122,000 on 9 Sep 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £122,000 | 9 Sep 2022 |
| £87,500 | 26 Mar 2019 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 September 2022 the House Price Index for LINCOLNSHIRE was 149.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -1.202%.Applying this -1.202% change to the original purchase price of £122,000 results in an estimated price of approximately £120,534.
| 9 Sep 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 148.0 | -1.202 % | £122,000 | £-1,465 | £120,534 |
The Postcode Pricing Model uses changes in average sales price within the LN5 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 | 6.441 % | £7,858 | £129,858 |
| 3 Month Average | -2.617 % | £-3,192 | £118,807 |
| 6 Month Average | -4.242 % | £-5,175 | £116,824 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £105,352 | £104,000 | 155 NEWARK ROAD |
| 24 Aug 2023 | £85,017 | £84,500 | 19 SAVILLE STREET |
| 14 Oct 2022 | £119,720 | £121,500 | 19 RUSSELL STREET |
| 9 Sep 2022 | £120,534 | £122,000 | 163 NEWARK ROAD |
| 2 Sep 2022 | £113,618 | £115,000 | 16 RUSSELL STREET |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 7 May 2019. Using an estimated price of £120,534 means this house is valued at £1,772 per sq meter (£164 per sq foot).
The average size of a house on NEWARK ROAD is 79 sq meters (853 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Frank Swaby Court |
| Mar 2024 | Other theft | Under investigation | On or near Frank Swaby Court |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Frank Swaby Court |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Frank Swaby Court |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Frank Swaby Court |