£151,491
This estimated value is based upon the latest sale price for the house of £122,500 on 17 Apr 2020. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £122,500 | 17 Apr 2020 |
| £80,000 | 14 Mar 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,146 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 April 2020 the House Price Index for LINCOLNSHIRE was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.667%.Applying this 23.667% change to the original purchase price of £122,500 results in an estimated price of approximately £151,491.
| 17 Apr 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.667 % | £122,500 | £28,991 | £151,491 |
The Postcode Pricing Model uses changes in average sales price within the PE11 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 | -6.127 % | £-7,505 | £114,994 |
| 3 Month Average | 7.335 % | £8,985 | £131,485 |
| 6 Month Average | 10.326 % | £12,649 | £135,149 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £243,745 | £240,000 | 1 MONKS WALK |
| 25 Oct 2023 | £173,951 | £170,000 | 3 CORINNE GROVE |
| 22 Sep 2023 | £345,619 | £338,000 | 26 MONKS HOUSE LANE |
| 3 Nov 2022 | £423,022 | £425,000 | 8 ABBOTS CRESCENT |
| 14 Oct 2022 | £952,818 | £956,000 | IVANDA NURSERY MONKS HOUSE LANE |
This house has a floor area of 106 sq meters or 1,146 sq feet when measured on 5 Aug 2010. Using an estimated price of £151,492 means this house is valued at £1,422 per sq meter (£132 per sq foot).
The average size of a house on PENNYGATE is 93 sq meters (1,001 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Abbots Crescent |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Monks House Lane |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Monks House Lane |
| Sep 2024 | Anti-social behaviour | On or near Corinne Grove | |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Corinne Grove |