£154,725
This estimated value is based upon the latest sale price for the house of £115,000 on 17 Jun 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £115,000 | 17 Jun 2016 |
| £89,995 | 3 Dec 2004 |
| £75,000 | 26 Sep 2003 |
| £31,500 | 9 Oct 1998 |
| Terraced |
| Freehold |
| Floor Area: 52 sq meters or 559 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 June 2016 the House Price Index for LINCOLNSHIRE was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £115,000 results in an estimated price of approximately £154,725.
| 17 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £115,000 | £39,725 | £154,725 |
The Postcode Pricing Model uses changes in average sales price within the NG34 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 | 13.337 % | £15,338 | £130,338 |
| 3 Month Average | 20.381 % | £23,438 | £138,438 |
| 6 Month Average | 28.462 % | £32,731 | £147,731 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2023 | £214,734 | £210,000 | 16 CYPRESS CLOSE |
| 21 Jan 2022 | £190,836 | £180,000 | 14 ALDER ROAD |
| 13 Sep 2021 | £217,114 | £200,000 | 60 HAWTHORN DRIVE |
| 10 Sep 2021 | £195,348 | £179,950 | 11 LAVENDER CLOSE |
| 18 Dec 2020 | £179,212 | £155,000 | 52 HAWTHORN DRIVE |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 7 Apr 2016. Using an estimated price of £154,725 means this house is valued at £2,975 per sq meter (£276 per sq foot).
The average size of a house on CYPRESS CLOSE is 75 sq meters (814 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lavender Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lavender Close |
| Jul 2024 | Anti-social behaviour | On or near Lavender Close | |
| Jul 2024 | Anti-social behaviour | On or near Lavender Close | |
| Jul 2024 | Anti-social behaviour | On or near Lavender Close |