£1,057,142
This estimated value is based upon the latest sale price for the house of £985,000 on 29 Sep 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£985,000 | 29 Sep 2021 |
£785,000 | 2 Nov 2007 |
Detached |
Freehold |
Floor Area: 319 sq meters or 3,433 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 2021 the House Price Index for LINCOLNSHIRE was 137.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.324%.Applying this 7.324% change to the original purchase price of £985,000 results in an estimated price of approximately £1,057,142.
29 Sep 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.9 | 148.0 | 7.324 % | £985,000 | £72,142 | £1,057,142 |
The Postcode Pricing Model uses changes in average sales price within the LN1 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 | -11.213 % | £-110,446 | £874,553 |
3 Month Average | -2.293 % | £-22,587 | £962,412 |
6 Month Average | -18.448 % | £-181,715 | £803,284 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2024 | £180,000 | £180,000 | 19 UNION ROAD |
22 Mar 2024 | £177,600 | £177,000 | 41 VICTORIA STREET |
18 Aug 2023 | £130,795 | £130,000 | 8 BEAUMONT COURT SPRING HILL |
28 Apr 2023 | £687,611 | £682,500 | 2 WEST HILL HOUSE MOTHERBY HILL |
27 Jan 2023 | £200,241 | £202,000 | 17 UNION ROAD |
This house has a floor area of 319 sq meters or 3,433 sq feet when measured on 25 May 2016. Using an estimated price of £1,057,143 means this house is valued at £3,313 per sq meter (£307 per sq foot).
The average size of a house on DRURY LANE is 141 sq meters (1,526 sq feet).
This house is the largest in the street with a floor area of 319 sq meters (3,433 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Other crime | Under investigation | On or near Union Road |