£398,264
This estimated value is based upon the latest sale price for the house of £315,000 on 26 Jan 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £315,000 | 26 Jan 2018 |
| Detached |
| Freehold |
| Floor Area: 149 sq meters or 1,603 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 January 2018 the House Price Index for LINCOLNSHIRE was 118.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.433%.Applying this 26.433% change to the original purchase price of £315,000 results in an estimated price of approximately £398,264.
| 26 Jan 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 149.7 | 26.433 % | £315,000 | £83,264 | £398,264 |
The Postcode Pricing Model uses changes in average sales price within the LN10 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 | -12.977 % | £-40,877 | £274,122 |
| 3 Month Average | 22.719 % | £71,565 | £386,565 |
| 6 Month Average | 20.697 % | £65,195 | £380,195 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £357,889 | £350,000 | 23 WOODLAND DRIVE |
| 6 Mar 2023 | £353,402 | £347,500 | 11 WOODLAND DRIVE |
| 10 Nov 2022 | £507,626 | £510,000 | 6 GORSE CLOSE |
| 27 Apr 2022 | £466,840 | £450,000 | 2 HEATHER CLOSE |
| 8 Apr 2022 | £331,975 | £320,000 | 11 HEATHER CLOSE |
This house has a floor area of 149 sq meters or 1,603 sq feet when measured on 10 Apr 2017. Using an estimated price of £398,264 means this house is valued at £2,672 per sq meter (£248 per sq foot).
The average size of a house on WOODLAND DRIVE is 145 sq meters (1,561 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Sterling Place |
| Jul 2024 | Anti-social behaviour | On or near Sterling Place | |
| Jul 2024 | Anti-social behaviour | On or near Sterling Place | |
| Jul 2024 | Anti-social behaviour | On or near Sterling Place | |
| Jun 2024 | Anti-social behaviour | On or near The Broadway |