£350,092
This estimated value is based upon the latest sale price for the house of £285,000 on 4 Jul 2019. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £285,000 | 4 Jul 2019 |
| £212,000 | 1 Jun 2012 |
| Detached |
| Freehold |
| Floor Area: 76 sq meters or 819 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 July 2019 the House Price Index for LINCOLNSHIRE was 120.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.839%.Applying this 22.839% change to the original purchase price of £285,000 results in an estimated price of approximately £350,092.
| 4 Jul 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.0 | 22.839 % | £285,000 | £65,092 | £350,092 |
The Postcode Pricing Model uses changes in average sales price within the PE10 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 | -6.478 % | £-18,463 | £266,536 |
| 3 Month Average | 10.457 % | £29,803 | £314,803 |
| 6 Month Average | 15.553 % | £44,326 | £329,326 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £236,983 | £232,500 | 53 WESTBOURNE PARK |
| 21 Jun 2023 | £487,956 | £484,000 | 2 WOODLAND AVENUE |
| 27 Mar 2023 | £306,658 | £305,000 | 71 WESTBOURNE PARK |
| 26 Jan 2023 | £644,340 | £650,000 | 33A BEECH AVENUE |
| 26 Jan 2023 | £262,693 | £265,000 | 32 PINEWOOD CLOSE |
This house has a floor area of 76 sq meters or 819 sq feet when measured on 17 May 2011. Using an estimated price of £350,092 means this house is valued at £4,599 per sq meter (£427 per sq foot).
There is one other house on the street which we know the size of, this is 1 FOREST AVENUE it is 107.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Forest Avenue |
| Feb 2024 | Anti-social behaviour | On or near Forest Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Forest Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Forest Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Woodland Avenue |