£245,577
This estimated value is based upon the latest sale price for the house of £240,000 on 16 Oct 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £240,000 | 16 Oct 2023 |
| £200,000 | 3 Apr 2018 |
| £195,000 | 22 Dec 2017 |
| £145,000 | 18 May 2012 |
| £145,000 | 6 Oct 2004 |
| £65,950 | 2 May 2000 |
| Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 October 2023 the House Price Index for LINCOLNSHIRE was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £240,000 results in an estimated price of approximately £245,577.
| 16 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £240,000 | £5,577 | £245,577 |
The Postcode Pricing Model uses changes in average sales price within the PE11 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 | 44.142 % | £105,940 | £345,940 |
| 3 Month Average | -4.170 % | £-10,007 | £229,992 |
| 6 Month Average | 1.902 % | £4,565 | £244,565 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Oct 2023 | £245,578 | £240,000 | 17 SORREL DRIVE |
| 18 Aug 2023 | £258,665 | £254,000 | 9 BELISANA ROAD |
| 1 Jun 2023 | £413,282 | £405,000 | 12 BELISANA ROAD |
| 1 Apr 2022 | £357,911 | £345,000 | 14 BELISANA ROAD |
| 28 Sep 2021 | £230,141 | £212,000 | 5 AKITA CLOSE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 20 Nov 2017. Using an estimated price of £245,578 means this house is valued at £2,958 per sq meter (£274 per sq foot).
The average size of a house on SORREL DRIVE is 128 sq meters (1,386 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Robbery | Under investigation | On or near Algers Walk |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Algers Walk |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Algers Walk |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Akita Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Akita Close |