£185,750
This estimated value is based upon the latest sale price for the house of £183,000 on 17 Nov 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £183,000 | 17 Nov 2023 |
| £59,000 | 23 Dec 1996 |
| Detached |
| Freehold |
| Floor Area: 50 sq meters or 538 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 2023 the House Price Index for LINCOLNSHIRE was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £183,000 results in an estimated price of approximately £185,750.
| 17 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £183,000 | £2,750 | £185,750 |
The Postcode Pricing Model uses changes in average sales price within the PE21 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 | -38.572 % | £-70,586 | £112,413 |
| 3 Month Average | -19.471 % | £-35,631 | £147,368 |
| 6 Month Average | -10.411 % | £-19,051 | £163,948 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £185,750 | £183,000 | 34 ACACIA WAY |
| 23 Jun 2023 | £111,349 | £110,000 | FLAT 3 WILLOW COURT SLEAFORD ROAD |
| 4 Jul 2022 | £115,310 | £115,000 | FLAT 4 MAPLE COURT SLEAFORD ROAD |
| 10 May 2022 | £132,446 | £129,950 | FLAT 1 ELM COURT SLEAFORD ROAD |
| 7 Dec 2021 | £128,565 | £120,000 | FLAT 3 OAK COURT SLEAFORD ROAD |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 22 Mar 2015. Using an estimated price of £185,750 means this house is valued at £3,715 per sq meter (£345 per sq foot).
The average size of a house on ACACIA WAY is 72 sq meters (783 sq feet).
This house is the smallest in the street with a floor area of 50 sq meters (538 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Acacia Way |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Acacia Way |
| Mar 2024 | Public order | Under investigation | On or near Westfield Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Westfield Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Westfield Avenue |