£194,825
This estimated value is based upon the latest sale price for the house of £122,000 on 21 May 2007. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £122,000 | 21 May 2007 |
| Terraced |
| Freehold |
| Floor Area: 105 sq meters or 1,130 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 May 2007 the House Price Index for LINCOLNSHIRE was 93.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.693%.Applying this 59.693% change to the original purchase price of £122,000 results in an estimated price of approximately £194,825.
| 21 May 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 148.6 | 59.693 % | £122,000 | £72,825 | £194,825 |
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 | 37.335 % | £45,548 | £167,548 |
| 3 Month Average | 46.053 % | £56,184 | £178,184 |
| 6 Month Average | 44.002 % | £53,682 | £175,682 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jan 2023 | £169,203 | £170,000 | 2 SCAMPTON AVENUE |
| 21 Oct 2022 | £165,716 | £167,500 | 7 CROWLAND DRIVE |
| 16 Aug 2022 | £179,517 | £180,000 | 14 SCAMPTON AVENUE |
| 22 Jul 2022 | £176,475 | £176,000 | 84 HEMSWELL AVENUE |
| 27 Jun 2022 | £224,168 | £221,000 | 2 ANDERBY DRIVE |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 13 Jul 2012. Using an estimated price of £194,825 means this house is valued at £1,855 per sq meter (£172 per sq foot).