£305,417
This estimated value is based upon the latest sale price for the house of £195,000 on 1 Oct 2007. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £195,000 | 1 Oct 2007 |
| £158,000 | 8 Apr 2003 |
| £73,000 | 12 Dec 1997 |
| Detached |
| Freehold |
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 October 2007 the House Price Index for LINCOLNSHIRE was 95.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.624%.Applying this 56.624% change to the original purchase price of £195,000 results in an estimated price of approximately £305,417.
| 1 Oct 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.6 | 149.7 | 56.624 % | £195,000 | £110,417 | £305,417 |
The Postcode Pricing Model uses changes in average sales price within the LN4 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 | 61.950 % | £120,803 | £315,803 |
| 3 Month Average | 47.299 % | £92,232 | £287,232 |
| 6 Month Average | 41.579 % | £81,079 | £276,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Mar 2024 | £441,788 | £435,000 | 7 MAIN STREET |
| 15 Sep 2023 | £669,764 | £655,000 | 26 CHURCH LANE |
| 11 Aug 2023 | £320,786 | £315,000 | 8 MARTIN ROAD |
| 17 Mar 2023 | £193,227 | £190,000 | 1 WEST STREET |
| 14 Jul 2022 | £191,923 | £190,000 | 20 BAYFIELD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near West Street | |
| Aug 2024 | Anti-social behaviour | On or near West Street | |
| Jun 2024 | Anti-social behaviour | On or near Timberland Road | |
| Jun 2024 | Anti-social behaviour | On or near Timberland Road | |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Timberland Road |