£316,480
This estimated value is based upon the latest sale price for the house of £202,500 on 16 Nov 2007. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £202,500 | 16 Nov 2007 |
| £55,000 | 10 Dec 1996 |
| Semi-Detached |
| 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 November 2007 the House Price Index for LINCOLNSHIRE was 95.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.287%.Applying this 56.287% change to the original purchase price of £202,500 results in an estimated price of approximately £316,480.
| 16 Nov 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.8 | 149.7 | 56.287 % | £202,500 | £113,980 | £316,480 |
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 | 13.640 % | £27,621 | £230,121 |
| 3 Month Average | 28.160 % | £57,024 | £259,524 |
| 6 Month Average | 39.359 % | £79,701 | £282,201 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Apr 2023 | £411,700 | £404,000 | 51 WEST BIGHT |
| 20 Feb 2023 | £483,228 | £480,000 | 26 WESTGATE |
| 17 Feb 2023 | £332,219 | £330,000 | 47 WEST BIGHT |
| 28 Jul 2022 | £373,745 | £370,000 | 49 WEST BIGHT |
| 6 Jun 2022 | £495,594 | £485,000 | 1 RUSSELL COURT CECIL STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Westgate | |
| Oct 2024 | Vehicle crime | Under investigation | On or near Westgate |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Westgate |
| Aug 2024 | Anti-social behaviour | On or near Westgate | |
| Aug 2024 | Anti-social behaviour | On or near Westgate |