£252,297
This estimated value is based upon the latest sale price for the house of £178,000 on 27 Oct 2015. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £178,000 | 27 Oct 2015 |
| £155,000 | 18 Jan 2013 |
| £173,000 | 16 Dec 2008 |
| Semi-Detached |
| Freehold |
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 2015 the House Price Index for LINCOLNSHIRE was 105.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 41.740%.Applying this 41.740% change to the original purchase price of £178,000 results in an estimated price of approximately £252,297.
| 27 Oct 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 149.7 | 41.740 % | £178,000 | £74,297 | £252,297 |
The Postcode Pricing Model uses changes in average sales price within the LN6 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 | 41.189 % | £73,317 | £251,317 |
| 3 Month Average | 38.273 % | £68,126 | £246,126 |
| 6 Month Average | 32.774 % | £58,337 | £236,337 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £255,635 | £250,000 | 11 GRANDFIELD WAY |
| 9 Feb 2023 | £357,387 | £355,000 | 11 OCTAVIAN CRESCENT |
| 29 Jun 2022 | £260,570 | £255,000 | 17 OCTAVIAN CRESCENT |
| 21 Feb 2022 | £256,719 | £243,000 | 9 OCTAVIAN CRESCENT |
| 20 Jan 2022 | £270,351 | £255,000 | 16 OCTAVIAN CRESCENT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Grandfield Way | |
| Jun 2024 | Anti-social behaviour | On or near Grandfield Way | |
| Jun 2024 | Anti-social behaviour | On or near Grandfield Way | |
| Jun 2024 | Anti-social behaviour | On or near Grandfield Way | |
| Jul 2024 | Other theft | Under investigation | On or near Octavian Crescent |