This estimated value is based upon the latest sale price for the house of £118,000 on 12 Oct 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE1
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|£118,000||12 Oct 2018|
|£90,000||16 May 2014|
|£122,000||24 Aug 2007|
|£57,500||13 May 2002|
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 2018 the House Price Index for LINCOLNSHIRE was 124.3.The House Price Index as of 1 Dec 2019 is 124.6 which is a change of 0.200%.
Applying this 0.200% change to the original purchase price of £118,000 gives us an estimated price now of around £118,236.
|12 Oct 2018||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the PE24 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||12.453 %||£14,694||£132,694|
|3 Month Average||76.498 %||£90,267||£208,267|
|6 Month Average||43.988 %||£51,905||£169,905|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In October 2018 the average sale price for the 50 nearest sales within eight miles of 2 BEACH AVENUE was £134,545.
In November 2021 the average sale price for the 3 nearest sales was £322,910. This is a change of 140.001%.
So taking the original purchase price of £118,000 and adjusting it by 140.001% gives an estimated price of £283,201.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 12 Oct 2018||Average price on 29 Nov 2021||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|2 Sep 2019||£184,135||£185,000||27 WELL VALE DRIVE|
|11 Jun 2019||£162,118||£160,000||19 WELL VALE DRIVE|
|29 Apr 2019||£166,684||£166,000||14 ANDREW AVENUE|
|11 Feb 2019||£152,179||£151,000||46 BUCKINGHAM DRIVE|
|12 Oct 2018||£118,236||£118,000||2 BEACH AVENUE|