£305,958
This estimated value is based upon the latest sale price for the house of £55,000 on 27 Sep 1996. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £55,000 | 27 Sep 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 September 1996 the House Price Index for LINCOLNSHIRE was 26.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 456.289%.Applying this 456.289% change to the original purchase price of £55,000 results in an estimated price of approximately £305,958.
| 27 Sep 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.9 | 149.7 | 456.289 % | £55,000 | £250,958 | £305,958 |
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 | 361.512 % | £198,831 | £253,831 |
| 3 Month Average | 347.181 % | £190,949 | £245,949 |
| 6 Month Average | 369.344 % | £203,139 | £258,139 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £141,226 | £140,000 | 1 OCKBROOK COURT WILLIAMSON STREET |
| 11 Aug 2023 | £353,373 | £347,000 | 3 MIDDLETONS FIELD |
| 28 Mar 2023 | £526,798 | £518,000 | 14 MIDDLETONS FIELD |
| 20 Mar 2023 | £485,610 | £477,500 | 10 STONEFIELD AVENUE |
| 1 Feb 2023 | £307,051 | £305,000 | 3A ST JOHNS ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 2 Jun 2015. Using an estimated price of £305,959 means this house is valued at £4,025 per sq meter (£374 per sq foot).
The average size of a house on SPRINGFIELD CLOSE is 76 sq meters (820 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Ernest Terrace |
| Sep 2024 | Other theft | Under investigation | On or near Ernest Terrace |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Ernest Terrace |
| Jul 2024 | Anti-social behaviour | On or near Ernest Terrace | |
| Jul 2024 | Anti-social behaviour | On or near Ernest Terrace |