£49,633
This estimated value is based upon the latest sale price for the house of £37,000 on 13 Jul 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £37,000 | 13 Jul 2016 |
| £78,000 | 11 May 2007 |
| £48,000 | 11 Mar 2004 |
| £48,000 | 11 Mar 2004 |
| £10,000 | 11 Aug 2000 |
| 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 July 2016 the House Price Index for LINCOLNSHIRE was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £37,000 results in an estimated price of approximately £49,633.
| 13 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.143 % | £37,000 | £12,633 | £49,633 |
The Postcode Pricing Model uses changes in average sales price within the DN21 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 | 45.146 % | £16,704 | £53,704 |
| 3 Month Average | 37.861 % | £14,008 | £51,008 |
| 6 Month Average | 28.180 % | £10,426 | £47,426 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jun 2024 | £81,000 | £81,000 | 4 DRAKE STREET |
| 8 Nov 2023 | £79,519 | £77,500 | 76 SANDSFIELD LANE |
| 30 Oct 2023 | £138,137 | £135,000 | 21 SHAKESPEARE STREET |
| 20 Oct 2023 | £66,511 | £65,000 | 36 DRAKE STREET |
| 14 Aug 2023 | £122,204 | £120,000 | 120 SANDSFIELD LANE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 11 Feb 2016. Using an estimated price of £49,633 means this house is valued at £481 per sq meter (£44 per sq foot).
The average size of a house on DRAKE STREET is 96 sq meters (1,041 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Drake Street | |
| Sep 2024 | Other crime | Awaiting court outcome | On or near Drake Street |
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Bacon Street |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bacon Street |
| Oct 2024 | Burglary | Awaiting court outcome | On or near Washington Street |