£144,903
This estimated value is based upon the latest sale price for the house of £145,000 on 26 Sep 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £145,000 | 26 Sep 2022 |
| £79,000 | 25 Mar 2011 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 797 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 2022 the House Price Index for LINCOLNSHIRE was 149.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £145,000 results in an estimated price of approximately £144,903.
| 26 Sep 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 149.7 | -0.067 % | £145,000 | £-96 | £144,903 |
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 | -20.670 % | £-29,971 | £115,028 |
| 3 Month Average | -3.379 % | £-4,900 | £140,099 |
| 6 Month Average | -1.458 % | £-2,114 | £142,885 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 8 Feb 2022 | £126,775 | £120,000 | 20 WILLINGHAM AVENUE |
| 31 Jan 2022 | £167,511 | £158,000 | 245 LAUGHTON WAY NORTH |
This house has a floor area of 74 sq meters or 797 sq feet when measured on 7 Jul 2010. Using an estimated price of £144,903 means this house is valued at £1,955 per sq meter (£181 per sq foot).
The average size of a house on NOCTON DRIVE is 84 sq meters (907 sq feet).