£53,395
This estimated value is based upon the latest sale price for the house of £31,250 on 8 Jun 2012. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £31,250 | 8 Jun 2012 |
| Semi-Detached |
| Leasehold |
| Floor Area: 76 sq meters or 821 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 June 2012 the House Price Index for LINCOLNSHIRE was 87.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.865%.Applying this 70.865% change to the original purchase price of £31,250 results in an estimated price of approximately £53,395.
| 8 Jun 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 149.7 | 70.865 % | £31,250 | £22,145 | £53,395 |
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 | 49.888 % | £15,590 | £46,840 |
| 3 Month Average | 51.337 % | £16,042 | £47,292 |
| 6 Month Average | 54.829 % | £17,134 | £48,384 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 May 2024 | £180,000 | £180,000 | 20 BISHOPS GATE |
| 24 Nov 2023 | £176,993 | £172,500 | 27 FALKLANDS CLOSE |
| 30 Jun 2023 | £184,701 | £181,000 | 19 SPIRE CLOSE |
| 30 Jun 2023 | £219,397 | £215,000 | 19 BISHOPS GATE |
| 16 Mar 2023 | £96,613 | £95,000 | 13 SPIRE CLOSE |
This house has a floor area of 76 sq meters or 821 sq feet when measured on 16 Feb 2012. Using an estimated price of £53,395 means this house is valued at £699 per sq meter (£65 per sq foot).
The average size of a house on BISHOPS GATE is 84 sq meters (911 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Awaiting court outcome | On or near Bishops Gate |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Spire Close |
| Aug 2024 | Anti-social behaviour | On or near Spire Close | |
| Aug 2024 | Anti-social behaviour | On or near Spire Close | |
| Aug 2024 | Anti-social behaviour | On or near Spire Close |