£299,042
This estimated value is based upon the latest sale price for the house of £250,000 on 4 Sep 2020. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £250,000 | 4 Sep 2020 |
| £87,000 | 26 Sep 2002 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 2020 the House Price Index for LINCOLNSHIRE was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £250,000 results in an estimated price of approximately £299,042.
| 4 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £250,000 | £49,042 | £299,042 |
The Postcode Pricing Model uses changes in average sales price within the PE9 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 | 30.971 % | £77,428 | £327,428 |
| 3 Month Average | 14.843 % | £37,106 | £287,106 |
| 6 Month Average | 12.114 % | £30,284 | £280,284 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Mar 2024 | £135,583 | £133,500 | 26 DRIFT AVENUE |
| 18 Aug 2023 | £244,357 | £239,950 | 15 DRIFT GARDENS |
| 30 Mar 2023 | £284,755 | £280,000 | 15 DRIFT ROAD |
| 21 Mar 2023 | £208,482 | £205,000 | 45 DRIFT AVENUE |
| 20 Mar 2023 | £412,133 | £405,250 | 19 DRIFT AVENUE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 19 Feb 2020. Using an estimated price of £299,043 means this house is valued at £2,903 per sq meter (£269 per sq foot).
The average size of a house on DRIFT AVENUE is 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Drift Avenue |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Lincoln Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Drift Road |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Drift Road |
| Jul 2024 | Other theft | Under investigation | On or near Drift Road |