£163,606
This estimated value is based upon the latest sale price for the house of £160,000 on 15 Sep 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £160,000 | 15 Sep 2023 |
| £148,000 | 30 Jun 2021 |
| £133,500 | 2 Nov 2018 |
| £90,000 | 15 Sep 2017 |
| £119,950 | 7 Jun 2007 |
| £71,000 | 31 Oct 2003 |
| £24,700 | 18 Jul 1997 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 September 2023 the House Price Index for LINCOLNSHIRE was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £160,000 results in an estimated price of approximately £163,606.
| 15 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £160,000 | £3,606 | £163,606 |
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 | -3.093 % | £-4,949 | £155,050 |
| 3 Month Average | -5.460 % | £-8,735 | £151,264 |
| 6 Month Average | -8.349 % | £-13,359 | £146,640 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £134,000 | £134,000 | 43A WESTGATE |
| 12 Apr 2024 | £149,296 | £148,000 | 9 CASTLE TERRACE ROAD |
| 13 Nov 2023 | £109,787 | £107,000 | 9 LEICESTER STREET |
| 10 Nov 2023 | £182,123 | £177,500 | 2 ALEXANDRA SQUARE |
| 15 Sep 2023 | £163,607 | £160,000 | 34 WEST BANKS |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 21 Jun 2018. Using an estimated price of £163,607 means this house is valued at £2,241 per sq meter (£208 per sq foot).
The average size of a house on WEST BANKS is 114 sq meters (1,228 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Awaiting court outcome | On or near Castle Terrace Road |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Castle Terrace Road |
| Sep 2024 | Violence and sexual offences | Awaiting court outcome | On or near Alexandra Square |
| Sep 2024 | Drugs | Under investigation | On or near Alexandra Square |
| Sep 2024 | Public order | Under investigation | On or near Alexandra Square |