£193,395
This estimated value is based upon the latest sale price for the house of £127,450 on 2 Jun 2014. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £127,450 | 2 Jun 2014 |
| £120,000 | 11 Apr 2008 |
| £96,000 | 16 Jun 2006 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 2014 the House Price Index for LINCOLNSHIRE was 96.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 51.742%.Applying this 51.742% change to the original purchase price of £127,450 results in an estimated price of approximately £193,395.
| 2 Jun 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 146.7 | 51.742 % | £127,450 | £65,945 | £193,395 |
The Postcode Pricing Model uses changes in average sales price within the LN1 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 | -12.595 % | £-16,052 | £111,397 |
| 3 Month Average | 25.407 % | £32,380 | £159,830 |
| 6 Month Average | 37.685 % | £48,029 | £175,479 |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 14 Jul 2020.
The average size of a house on DRAKE STREET is 85 sq meters (918 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Drake Street |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Drake Street |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Drake Street |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Drake Street |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Drake Street |