£245,543
This estimated value is based upon the latest sale price for the house of £181,500 on 27 May 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £181,500 | 27 May 2016 |
| £102,000 | 21 Jun 2002 |
| Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 2016 the House Price Index for LINCOLNSHIRE was 110.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £181,500 results in an estimated price of approximately £245,543.
| 27 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 149.7 | 35.286 % | £181,500 | £64,043 | £245,543 |
The Postcode Pricing Model uses changes in average sales price within the PE10 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 | -3.240 % | £-5,880 | £175,619 |
| 3 Month Average | 37.104 % | £67,344 | £248,844 |
| 6 Month Average | 31.455 % | £57,091 | £238,591 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2024 | £282,453 | £280,000 | 11 STEPHENSON WAY |
| 12 Mar 2024 | £253,901 | £250,000 | 92 KINGSWAY |
| 30 Jun 2023 | £333,687 | £327,000 | 52 MILL DROVE |
| 8 Jun 2023 | £367,362 | £360,000 | 50 NORTHFIELDS |
| 11 Nov 2022 | £348,371 | £350,000 | 6 MANDALAY DRIVE |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 22 Oct 2013. Using an estimated price of £245,543 means this house is valued at £2,584 per sq meter (£240 per sq foot).
The average size of a house on STEPHENSON WAY is 124 sq meters (1,337 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Northfields |
| Oct 2024 | Public order | Under investigation | On or near Arakan Way |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Arakan Way |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kohima Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kohima Close |