£362,267
This estimated value is based upon the latest sale price for the house of £325,000 on 20 Oct 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £325,000 | 20 Oct 2021 |
| £169,000 | 15 Aug 2003 |
| £84,000 | 11 Dec 1998 |
| 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 2021 the House Price Index for LINCOLNSHIRE was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £325,000 results in an estimated price of approximately £362,267.
| 20 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £325,000 | £37,267 | £362,267 |
The Postcode Pricing Model uses changes in average sales price within the LN2 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 | -47.355 % | £-153,903 | £171,096 |
| 3 Month Average | -0.256 % | £-830 | £324,169 |
| 6 Month Average | -4.635 % | £-15,062 | £309,937 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £224,959 | £220,000 | 16 SPRING COURT |
| 21 Apr 2023 | £303,171 | £297,500 | 17 WESTHALL ROAD |
| 24 Aug 2022 | £306,433 | £305,000 | 9 LANCASTER COURT |
| 4 Jul 2022 | £207,075 | £205,000 | 4 RYLAND ROAD |
| 25 Feb 2022 | £190,162 | £180,000 | 10 SPRING COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Barnes Wallis Court |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lancaster Court |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Painshall Close |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Westhall Road |
| Oct 2024 | Anti-social behaviour | On or near Eagle Drive |