£113,969
This estimated value is based upon the latest sale price for the house of £111,000 on 13 May 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £111,000 | 13 May 2022 |
| £51,000 | 28 Oct 2002 |
| £24,500 | 16 May 1997 |
| Terraced |
| Freehold |
| Floor Area: 819 sq meters or 8,815 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 £111,000 results in an estimated price of approximately £113,969.
| 13 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £111,000 | £2,969 | £113,969 |
The Postcode Pricing Model uses changes in average sales price within the LN1 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 | -13.486 % | £-14,969 | £96,030 |
| 3 Month Average | 4.932 % | £5,474 | £116,474 |
| 6 Month Average | -1.246 % | £-1,382 | £109,617 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £194,416 | £190,000 | THE STABLE BLOCK VICTORIA PASSAGE |
| 17 Oct 2023 | £281,391 | £275,000 | 90 ALEXANDRA TERRACE |
| 25 Aug 2023 | £269,867 | £265,000 | 21 YARBOROUGH ROAD |
| 31 Mar 2023 | £162,717 | £160,000 | 22 ALEXANDRA TERRACE |
| 12 Oct 2022 | £152,989 | £153,500 | 12 ALEXANDRA TERRACE |
This house has a floor area of 819 sq meters or 8,815 sq feet when measured on 30 Sep 2021. Using an estimated price of £113,969 means this house is valued at £139 per sq meter (£12 per sq foot).
The average size of a house on VICTORIA PLACE is 471 sq meters (5,075 sq feet).
This house is the largest in the street with a floor area of 819 sq meters (8,815 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other crime | Under investigation | On or near Victoria Terrace |
| Sep 2024 | Anti-social behaviour | On or near Victoria Terrace | |
| Jul 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Victoria Terrace |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Victoria Terrace |
| Sep 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Victoria Passage |