£118,392
This estimated value is based upon the latest sale price for the house of £69,000 on 5 Feb 2010. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £69,000 | 5 Feb 2010 |
| £21,000 | 20 Feb 1997 |
| Terraced |
| Freehold |
| Floor Area: 45 sq meters or 488 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 February 2010 the House Price Index for LINCOLNSHIRE was 87.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.583%.Applying this 71.583% change to the original purchase price of £69,000 results in an estimated price of approximately £118,392.
| 5 Feb 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 149.7 | 71.583 % | £69,000 | £49,392 | £118,392 |
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 | 69.285 % | £47,806 | £116,806 |
| 3 Month Average | 54.435 % | £37,560 | £106,560 |
| 6 Month Average | 57.374 % | £39,588 | £108,588 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £128,963 | £125,000 | 41 HIGH STREET |
| 18 Apr 2023 | £224,193 | £220,000 | 65 DOUBLE STREET |
| 31 Mar 2023 | £162,717 | £160,000 | 45 DOUBLE STREET |
| 10 Jun 2022 | £252,395 | £247,000 | 32 HIGH STREET |
| 7 Jun 2022 | £290,203 | £284,000 | 7 CHAMBERS COURT |
This house has a floor area of 45 sq meters or 488 sq feet when measured on 3 Oct 2008. Using an estimated price of £118,392 means this house is valued at £2,610 per sq meter (£242 per sq foot).
The average size of a house on ALBION STREET is 74 sq meters (800 sq feet).