£711,074
This estimated value is based upon the latest sale price for the house of £475,000 on 28 Jan 2015. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £475,000 | 28 Jan 2015 |
| Freehold |
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 2015 the House Price Index for LINCOLNSHIRE was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £475,000 results in an estimated price of approximately £711,074.
| 28 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 149.7 | 49.700 % | £475,000 | £236,074 | £711,074 |
The Postcode Pricing Model uses changes in average sales price within the LN2 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 | 14.308 % | £67,964 | £542,964 |
| 3 Month Average | 48.346 % | £229,644 | £704,644 |
| 6 Month Average | 47.147 % | £223,946 | £698,946 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £121,051 | £120,000 | 14 ST MARTINS LANE |
| 30 Aug 2022 | £231,081 | £230,000 | 20 MUSEUM COURT |
| 19 Apr 2022 | £141,089 | £136,000 | 11 SWAN STREET |
| 14 Apr 2022 | £492,775 | £475,000 | 21 HUNGATE |
| 8 Mar 2022 | £313,180 | £300,000 | 271 HIGH STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Strait |
| Jul 2024 | Anti-social behaviour | On or near The Strait | |
| Jul 2024 | Anti-social behaviour | On or near The Strait | |
| Jun 2024 | Shoplifting | Under investigation | On or near The Strait |
| Jun 2024 | Shoplifting | Under investigation | On or near The Strait |