£79,573
This estimated value is based upon the latest sale price for the house of £34,000 on 21 Jul 2003. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £34,000 | 21 Jul 2003 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 2003 the House Price Index for NORTH EAST LINCOLNSHIRE was 64.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 134.040%.Applying this 134.040% change to the original purchase price of £34,000 results in an estimated price of approximately £79,573.
| 21 Jul 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 149.7 | 134.040 % | £34,000 | £45,573 | £79,573 |
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 | 122.805 % | £41,753 | £75,753 |
| 3 Month Average | 108.988 % | £37,055 | £71,055 |
| 6 Month Average | 128.411 % | £43,659 | £77,659 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2024 | £60,000 | £60,000 | 56 PATRICK STREET |
| 24 Nov 2023 | £71,823 | £70,000 | 78 PATRICK STREET |
| 3 Nov 2023 | £119,021 | £116,000 | 66 PATRICK STREET |
| 13 Apr 2023 | £77,449 | £76,000 | 287 HENEAGE ROAD |
| 13 Jan 2023 | £33,088 | £33,000 | FLAT 276 HENEAGE ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 4 Nov 2014. Using an estimated price of £79,574 means this house is valued at £846 per sq meter (£78 per sq foot).
The average size of a house on HENEAGE ROAD is 99 sq meters (1,071 sq feet).