£66,510
This estimated value is based upon the latest sale price for the house of £65,000 on 20 Oct 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
There has been one burglary within the last year on or near Bacon Street
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| Price Paid | Date |
|---|---|
| £65,000 | 20 Oct 2023 |
| £70,000 | 24 Aug 2004 |
| £59,995 | 12 Mar 2004 |
| £28,450 | 6 Dec 1999 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 994 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 October 2023 the House Price Index for LINCOLNSHIRE was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £65,000 results in an estimated price of approximately £66,510.
| 20 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £65,000 | £1,510 | £66,510 |
The Postcode Pricing Model uses changes in average sales price within the DN21 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 | -38.159 % | £-24,803 | £40,196 |
| 3 Month Average | 3.018 % | £1,961 | £66,961 |
| 6 Month Average | 8.303 % | £5,396 | £70,396 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jun 2024 | £81,000 | £81,000 | 4 DRAKE STREET |
| 13 May 2024 | £60,000 | £60,000 | 5 LEA PLACE |
| 5 Apr 2024 | £106,929 | £106,000 | 145 LEA ROAD |
| 20 Oct 2023 | £66,511 | £65,000 | 36 DRAKE STREET |
| 12 Oct 2023 | £112,556 | £110,000 | 147 LEA ROAD |
This house has a floor area of 92 sq meters or 994 sq feet when measured on 3 Jul 2010. Using an estimated price of £66,511 means this house is valued at £720 per sq meter (£66 per sq foot).
The average size of a house on DRAKE STREET is 96 sq meters (1,041 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Bacon Street |
| Oct 2024 | Anti-social behaviour | On or near Drake Street | |
| Sep 2024 | Other crime | Awaiting court outcome | On or near Drake Street |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bacon Street |
| Oct 2024 | Burglary | Awaiting court outcome | On or near Washington Street |