£174,547
This estimated value is based upon the latest sale price for the house of £170,000 on 9 May 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £170,000 | 9 May 2022 |
| £160,000 | 30 Nov 2015 |
| £110,000 | 25 May 2012 |
| £89,950 | 4 Apr 2003 |
| Detached |
| Freehold |
| Floor Area: 99 sq meters or 1,070 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 May 2022 the House Price Index for LINCOLNSHIRE was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £170,000 results in an estimated price of approximately £174,547.
| 9 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £170,000 | £4,547 | £174,547 |
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 | -4.759 % | £-8,089 | £161,910 |
| 3 Month Average | -2.178 % | £-3,702 | £166,297 |
| 6 Month Average | -1.650 % | £-2,804 | £167,195 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £100,876 | £100,000 | FLAT 1 171 MONKS ROAD |
| 13 Oct 2023 | £136,091 | £133,000 | 145 WINN STREET |
| 6 Oct 2023 | £138,649 | £135,500 | 28 EASTBOURNE STREET |
| 14 Apr 2023 | £109,549 | £107,500 | 26 CLAREMONT STREET |
| 27 Mar 2023 | £113,902 | £112,000 | 167 WINN STREET |
This house has a floor area of 99 sq meters or 1,070 sq feet when measured on 24 Jul 2011. Using an estimated price of £174,547 means this house is valued at £1,755 per sq meter (£163 per sq foot).
The average size of a house on EASTBOURNE STREET is 115 sq meters (1,248 sq feet).