£755,043
This estimated value is based upon the latest sale price for the house of £750,000 on 1 Feb 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £750,000 | 1 Feb 2023 |
| £318,000 | 19 Nov 2014 |
| £145,000 | 20 Dec 1996 |
| Detached |
| Freehold |
| Floor Area: 192 sq meters or 2,066 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 February 2023 the House Price Index for LINCOLNSHIRE was 148.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.672%.Applying this 0.672% change to the original purchase price of £750,000 results in an estimated price of approximately £755,043.
| 1 Feb 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 149.7 | 0.672 % | £750,000 | £5,043 | £755,043 |
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 | -28.110 % | £-210,824 | £539,175 |
| 3 Month Average | 6.848 % | £51,363 | £801,363 |
| 6 Month Average | 0.833 % | £6,249 | £756,249 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Mar 2024 | £964,824 | £950,000 | 46 NETTLEHAM ROAD |
| 8 Dec 2023 | £268,243 | £260,000 | 38A NETTLEHAM ROAD |
| 4 Dec 2023 | £247,609 | £240,000 | 31 WRAGBY ROAD |
| 30 Aug 2023 | £2,011,275 | £1,975,000 | LEYLAND HOUSE, 2 THE GROVE |
| 6 Feb 2023 | £387,589 | £385,000 | 11 MANOR ROAD |
This house has a floor area of 192 sq meters or 2,066 sq feet when measured on 8 Feb 2013. Using an estimated price of £755,044 means this house is valued at £3,932 per sq meter (£365 per sq foot).
The average size of a house on THE GROVE is 373 sq meters (4,023 sq feet).
This house is the smallest in the street with a floor area of 192 sq meters (2,066 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Langworthgate |
| Aug 2024 | Anti-social behaviour | On or near Manor Close | |
| Aug 2024 | Anti-social behaviour | On or near Manor Close | |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Manor Close |
| Aug 2024 | Anti-social behaviour | On or near Manor Close |