£60,783
This estimated value is based upon the latest sale price for the house of £52,500 on 12 Jul 2021. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £52,500 | 12 Jul 2021 |
| £20,000 | 3 Nov 2000 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in July 2021 the House Price Index for NORTH EAST LINCOLNSHIRE was 129.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.777%.Applying this 15.777% change to the original purchase price of £52,500 results in an estimated price of approximately £60,783.
| 12 Jul 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 149.7 | 15.777 % | £52,500 | £8,283 | £60,783 |
The Postcode Pricing Model uses changes in average sales price within the DN32 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 | 20.274 % | £10,644 | £63,144 |
| 3 Month Average | -11.655 % | £-6,118 | £46,381 |
| 6 Month Average | -4.354 % | £-2,286 | £50,213 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Oct 2024 | £72,000 | £72,000 | 204 DURBAN ROAD |
| 31 May 2024 | £64,000 | £64,000 | 374 WELLINGTON STREET |
| 28 Jun 2023 | £69,095 | £67,710 | 358 WELLINGTON STREET |
| 1 Feb 2023 | £75,504 | £75,000 | 360 WELLINGTON STREET |
| 13 Jun 2022 | £133,861 | £131,000 | 144 COOPER ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 7 Nov 2014. Using an estimated price of £60,783 means this house is valued at £868 per sq meter (£80 per sq foot).
The average size of a house on DURBAN ROAD is 96 sq meters (1,042 sq feet).