£113,424
This estimated value is based upon the latest sale price for the house of £85,000 on 21 Oct 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £85,000 | 21 Oct 2016 |
| Flats/Maisonettes |
| Leasehold |
| 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 October 2016 the House Price Index for LINCOLNSHIRE was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £85,000 results in an estimated price of approximately £113,424.
| 21 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £85,000 | £28,424 | £113,424 |
The Postcode Pricing Model uses changes in average sales price within the PE10 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 | 108.830 % | £92,505 | £177,505 |
| 3 Month Average | 31.340 % | £26,638 | £111,638 |
| 6 Month Average | 38.132 % | £32,412 | £117,412 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £118,646 | £115,000 | 75 THE POLLARDS |
| 3 Nov 2023 | £68,232 | £66,500 | 48 SPRINGBANK DRIVE |
| 20 Sep 2023 | £393,678 | £385,000 | 2 WATER LANE |
| 31 Oct 2022 | £109,634 | £110,000 | 31 WATER LANE |
| 30 Aug 2022 | £195,916 | £195,000 | 51 THE POLLARDS |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 12 Nov 2012.
The average size of a house on WATER LANE is 100 sq meters (1,082 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Springbank Drive |