£168,196
This estimated value is based upon the latest sale price for the house of £37,250 on 31 Mar 1999. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
There has been one burglary within the last year on or near Melbourne Close
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| Price Paid | Date |
|---|---|
| £37,250 | 31 Mar 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 45 sq meters or 488 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 March 1999 the House Price Index for LINCOLNSHIRE was 33.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 351.534%.Applying this 351.534% change to the original purchase price of £37,250 results in an estimated price of approximately £168,196.
| 31 Mar 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.2 | 149.7 | 351.534 % | £37,250 | £130,946 | £168,196 |
The Postcode Pricing Model uses changes in average sales price within the LN6 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 | 335.880 % | £125,115 | £162,365 |
| 3 Month Average | 314.823 % | £117,271 | £154,521 |
| 6 Month Average | 322.360 % | £120,079 | £157,329 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £235,990 | £230,000 | 12 BINBROOK CLOSE |
| 27 Oct 2023 | £388,831 | £380,000 | 3 FALDINGWORTH CLOSE |
| 19 Apr 2023 | £155,407 | £152,500 | 10 HIBALDSTOW ROAD |
| 28 Mar 2023 | £213,567 | £210,000 | 20 GOXHILL GROVE |
| 27 Jan 2023 | £200,536 | £200,000 | 15 HIBALDSTOW ROAD |
This house has a floor area of 45 sq meters or 488 sq feet when measured on 20 May 2010. Using an estimated price of £168,196 means this house is valued at £3,708 per sq meter (£344 per sq foot).
The average size of a house on BINBROOK CLOSE is 66 sq meters (715 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Melbourne Close |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hibaldstow Close |
| Oct 2024 | Anti-social behaviour | On or near Ridgewell Close | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Ridgewell Close |