£61,668
This estimated value is based upon the latest sale price for the house of £50,000 on 22 Jul 2019. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£50,000 | 22 Jul 2019 |
£33,000 | 11 Jun 1999 |
£23,000 | 7 Jul 1998 |
Terraced |
Freehold |
Floor Area: 110 sq meters or 1,184 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in July 2019 the House Price Index for NORTH EAST LINCOLNSHIRE was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £50,000 results in an estimated price of approximately £61,668.
22 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.5 | 148.6 | 23.337 % | £50,000 | £11,668 | £61,668 |
The Postcode Pricing Model uses changes in average sales price within the DN32 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 | 17.563 % | £8,781 | £58,781 |
3 Month Average | 3.147 % | £1,573 | £51,573 |
6 Month Average | 12.335 % | £6,167 | £56,167 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Aug 2023 | £75,662 | £75,000 | 403 WELLINGTON STREET |
28 Jul 2023 | £70,955 | £70,000 | 424 WELLINGTON STREET |
21 Jul 2023 | £94,776 | £93,500 | 366 WELLINGTON STREET |
28 Jun 2023 | £68,540 | £67,710 | 358 WELLINGTON STREET |
28 Apr 2023 | £82,893 | £82,000 | 409 WELLINGTON STREET |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 12 Jun 2018. Using an estimated price of £61,669 means this house is valued at £560 per sq meter (£52 per sq foot).
The average size of a house on WELLINGTON STREET is 105 sq meters (1,132 sq feet).