£613,575
This estimated value is based upon the latest sale price for the house of £598,000 on 3 Nov 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £598,000 | 3 Nov 2023 |
| £170,000 | 19 May 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 172 sq meters or 1,851 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 November 2023 the House Price Index for LINCOLNSHIRE was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £598,000 results in an estimated price of approximately £613,575.
| 3 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £598,000 | £15,575 | £613,575 |
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 | -10.431 % | £-62,379 | £535,620 |
| 3 Month Average | 2.580 % | £15,431 | £613,431 |
| 6 Month Average | 3.737 % | £22,347 | £620,347 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £292,423 | £285,000 | 2 QUEEN STREET |
| 16 Nov 2023 | £246,251 | £240,000 | 6 NEW STREET |
| 3 Nov 2023 | £613,575 | £598,000 | 25 NEW CROSS ROAD |
| 30 Oct 2023 | £690,687 | £675,000 | 27 NEW CROSS ROAD |
| 30 Aug 2023 | £330,969 | £325,000 | 3 COALVILLE COTTAGES |
This house has a floor area of 172 sq meters or 1,851 sq feet when measured on 15 Apr 2019. Using an estimated price of £613,575 means this house is valued at £3,567 per sq meter (£331 per sq foot).
The average size of a house on NEW CROSS ROAD is 107 sq meters (1,161 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Princes Road | |
| Aug 2024 | Criminal damage and arson | Under investigation | On or near Princes Road |
| Aug 2024 | Anti-social behaviour | On or near Princes Road | |
| Aug 2024 | Anti-social behaviour | On or near Princes Road | |
| Aug 2024 | Anti-social behaviour | On or near Princes Road |