£194,275
This estimated value is based upon the latest sale price for the house of £180,000 on 22 Dec 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £180,000 | 22 Dec 2021 |
| £109,500 | 19 Jan 2012 |
| £109,000 | 20 Dec 2007 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 877 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 December 2021 the House Price Index for LINCOLNSHIRE was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £180,000 results in an estimated price of approximately £194,275.
| 22 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £180,000 | £14,275 | £194,275 |
The Postcode Pricing Model uses changes in average sales price within the LN6 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 | -18.193 % | £-32,747 | £147,252 |
| 3 Month Average | 3.757 % | £6,763 | £186,763 |
| 6 Month Average | -2.187 % | £-3,936 | £176,063 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Mar 2024 | £172,653 | £170,000 | 15 CHURCH DRIVE |
| 1 Dec 2023 | £147,018 | £142,500 | 13 RAILWAY PARK CLOSE |
| 17 Nov 2023 | £153,907 | £150,000 | 31 COULSON ROAD |
| 31 Aug 2023 | £142,571 | £140,000 | 25 COULSON ROAD |
| 6 Apr 2023 | £101,906 | £100,000 | 13 COULSON ROAD |
This house has a floor area of 81 sq meters or 877 sq feet when measured on 15 Nov 2011. Using an estimated price of £194,275 means this house is valued at £2,382 per sq meter (£221 per sq foot).
The average size of a house on COULSON ROAD is 85 sq meters (925 sq feet).