£176,434
This estimated value is based upon the latest sale price for the house of £58,000 on 1 Mar 2002. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £58,000 | 1 Mar 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2002 the House Price Index for LINCOLNSHIRE was 49.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 204.197%.Applying this 204.197% change to the original purchase price of £58,000 results in an estimated price of approximately £176,434.
| 1 Mar 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.2 | 149.7 | 204.197 % | £58,000 | £118,434 | £176,434 |
The Postcode Pricing Model uses changes in average sales price within the LN2 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 | 162.146 % | £94,044 | £152,044 |
| 3 Month Average | 203.924 % | £118,275 | £176,275 |
| 6 Month Average | 213.685 % | £123,937 | £181,937 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £62,120 | £61,000 | 24 INGLEBY CRESCENT |
| 26 Sep 2022 | £144,903 | £145,000 | 23 NOCTON DRIVE |
| 22 Jun 2022 | £135,394 | £132,500 | 26 TORRINGTON ROAD |
| 26 Apr 2022 | £189,330 | £182,500 | 87 WOODHALL DRIVE |
| 31 Jan 2022 | £167,511 | £158,000 | 245 LAUGHTON WAY NORTH |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 22 Feb 2015. Using an estimated price of £176,434 means this house is valued at £2,450 per sq meter (£227 per sq foot).
The average size of a house on LAUGHTON WAY NORTH is 75 sq meters (809 sq feet).