£160,847
This estimated value is based upon the latest sale price for the house of £104,500 on 31 Jul 2014. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £104,500 | 31 Jul 2014 |
| £87,000 | 18 Oct 2013 |
| £89,000 | 18 Feb 2005 |
| £42,100 | 23 Mar 2001 |
| £32,000 | 17 Oct 1997 |
| Terraced |
| Freehold |
| Floor Area: 52 sq meters or 559 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 July 2014 the House Price Index for LINCOLNSHIRE was 97.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 53.921%.Applying this 53.921% change to the original purchase price of £104,500 results in an estimated price of approximately £160,847.
| 31 Jul 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 149.7 | 53.921 % | £104,500 | £56,347 | £160,847 |
The Postcode Pricing Model uses changes in average sales price within the NG34 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 | 28.865 % | £30,164 | £134,664 |
| 3 Month Average | 34.210 % | £35,749 | £140,249 |
| 6 Month Average | 41.408 % | £43,271 | £147,771 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2023 | £214,734 | £210,000 | 16 CYPRESS CLOSE |
| 21 Jan 2022 | £190,836 | £180,000 | 14 ALDER ROAD |
| 13 Sep 2021 | £217,114 | £200,000 | 60 HAWTHORN DRIVE |
| 10 Sep 2021 | £195,348 | £179,950 | 11 LAVENDER CLOSE |
| 18 Dec 2020 | £179,212 | £155,000 | 52 HAWTHORN DRIVE |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 13 Mar 2014. Using an estimated price of £160,848 means this house is valued at £3,093 per sq meter (£287 per sq foot).
The average size of a house on CYPRESS CLOSE is 75 sq meters (814 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lavender Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lavender Close |
| Jul 2024 | Anti-social behaviour | On or near Lavender Close | |
| Jul 2024 | Anti-social behaviour | On or near Lavender Close | |
| Jul 2024 | Anti-social behaviour | On or near Lavender Close |