£256,037
This estimated value is based upon the latest sale price for the house of £235,000 on 18 Nov 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £235,000 | 18 Nov 2021 |
| £75,000 | 28 Jan 2000 |
| Terraced |
| Freehold |
| Floor Area: 132 sq meters or 1,420 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 November 2021 the House Price Index for LINCOLNSHIRE was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £235,000 results in an estimated price of approximately £256,037.
| 18 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £235,000 | £21,037 | £256,037 |
The Postcode Pricing Model uses changes in average sales price within the LN13 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 | -36.639 % | £-86,101 | £148,898 |
| 3 Month Average | -8.416 % | £-19,776 | £215,223 |
| 6 Month Average | -18.507 % | £-43,491 | £191,508 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 May 2024 | £240,000 | £240,000 | 41 STATION ROAD |
| 1 Mar 2024 | £330,070 | £324,999 | 1 STATION ROAD |
| 31 Mar 2023 | £264,416 | £260,000 | 5 COLES AVENUE |
| 17 Jun 2022 | £245,242 | £240,000 | 19 COLES AVENUE |
| 26 Apr 2022 | £363,098 | £350,000 | 6 COLES AVENUE |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 19 Jun 2020. Using an estimated price of £256,037 means this house is valued at £1,939 per sq meter (£180 per sq foot).
There is one other house on the street which we know the size of, this is 10 STEPHENSONS CLOSE it is 79.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Station Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Coles Avenue |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Police Station |
| Oct 2024 | Anti-social behaviour | On or near Police Station | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Police Station |