£244,076
This estimated value is based upon the latest sale price for the house of £240,000 on 7 Mar 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 | 7 Mar 2023 |
| £145,000 | 11 Dec 2019 |
| Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 March 2023 the House Price Index for LINCOLNSHIRE was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £240,000 results in an estimated price of approximately £244,076.
| 7 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £240,000 | £4,076 | £244,076 |
The Postcode Pricing Model uses changes in average sales price within the LN12 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 | -25.757 % | £-61,817 | £178,182 |
| 3 Month Average | -20.243 % | £-48,583 | £191,416 |
| 6 Month Average | -28.872 % | £-69,293 | £170,706 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £196,023 | £190,000 | 88 GEORGE STREET |
| 15 Nov 2023 | £71,823 | £70,000 | FLAT 3 41 SEACROFT ROAD |
| 4 Sep 2023 | £235,184 | £230,000 | 80 GEORGE STREET |
| 7 Jun 2023 | £61,546 | £60,313 | FLAT 1 41 SEACROFT ROAD |
| 7 Mar 2023 | £244,076 | £240,000 | 2 RIPON PLACE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 23 Oct 2017. Using an estimated price of £244,076 means this house is valued at £3,343 per sq meter (£310 per sq foot).
The average size of a house on RIPON PLACE is 88 sq meters (955 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ripon Place |
| Aug 2024 | Anti-social behaviour | On or near Ripon Place | |
| Aug 2024 | Anti-social behaviour | On or near Ripon Place | |
| Aug 2024 | Anti-social behaviour | On or near Ripon Place | |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ripon Place |