£306,914
This estimated value is based upon the latest sale price for the house of £230,000 on 5 Oct 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £230,000 | 5 Oct 2016 |
| Detached |
| Freehold |
| Floor Area: 127 sq meters or 1,367 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 October 2016 the House Price Index for LINCOLNSHIRE was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £230,000 results in an estimated price of approximately £306,914.
| 5 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £230,000 | £76,914 | £306,914 |
The Postcode Pricing Model uses changes in average sales price within the LN1 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 | 44.426 % | £102,179 | £332,179 |
| 3 Month Average | 19.071 % | £43,863 | £273,863 |
| 6 Month Average | 25.092 % | £57,710 | £287,710 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Apr 2024 | £151,314 | £150,000 | 376 BURTON ROAD |
| 19 Dec 2023 | £154,755 | £150,000 | 60 QUEEN MARY ROAD |
| 19 Aug 2022 | £306,433 | £305,000 | 14 BURTON CLIFFE |
| 29 Apr 2022 | £96,480 | £93,000 | 1 HONINGTON CRESCENT |
| 7 Mar 2022 | £386,255 | £370,000 | 364 BURTON ROAD |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 11 Nov 2019. Using an estimated price of £306,914 means this house is valued at £2,416 per sq meter (£224 per sq foot).
The average size of a house on BURTON ROAD is 101 sq meters (1,090 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Awaiting court outcome | On or near Honington Crescent |
| Aug 2024 | Anti-social behaviour | On or near Higson Road | |
| Aug 2024 | Anti-social behaviour | On or near Higson Road | |
| Aug 2024 | Anti-social behaviour | On or near Higson Road | |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near B1398 |