£500,413
This estimated value is based upon the latest sale price for the house of £472,000 on 28 Jan 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £472,000 | 28 Jan 2022 |
| £428,000 | 13 Sep 2019 |
| £272,000 | 7 May 2014 |
| £140,000 | 26 Apr 2000 |
| £66,000 | 3 Sep 1999 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 January 2022 the House Price Index for LINCOLNSHIRE was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £472,000 results in an estimated price of approximately £500,413.
| 28 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 149.7 | 6.020 % | £472,000 | £28,413 | £500,413 |
The Postcode Pricing Model uses changes in average sales price within the PE9 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 | 4.876 % | £23,012 | £495,012 |
| 3 Month Average | 2.397 % | £11,313 | £483,313 |
| 6 Month Average | 2.185 % | £10,311 | £482,311 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £539,735 | £530,000 | 14 RADCLIFFE ROAD |
| 16 Aug 2023 | £137,480 | £135,000 | 33 NEWCOMB COURT SCOTGATE |
| 24 Mar 2023 | £85,427 | £84,000 | 40 NEWCOMB COURT SCOTGATE |
| 20 Mar 2023 | £76,274 | £75,000 | 44 NEWCOMB COURT SCOTGATE |
| 17 Feb 2023 | £140,941 | £140,000 | 63 NEWCOMB COURT SCOTGATE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 9 Jan 2014. Using an estimated price of £500,414 means this house is valued at £4,858 per sq meter (£451 per sq foot).
The average size of a house on SCOTGATE is 113 sq meters (1,223 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |
| Sep 2024 | Anti-social behaviour | On or near Petrol Station | |
| Sep 2024 | Anti-social behaviour | On or near Petrol Station |