£434,534
This estimated value is based upon the latest sale price for the house of £405,000 on 29 Jun 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £405,000 | 29 Jun 2021 |
| Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 2021 the House Price Index for LINCOLNSHIRE was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £405,000 results in an estimated price of approximately £434,534.
| 29 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £405,000 | £29,534 | £434,534 |
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 | -33.718 % | £-136,556 | £268,443 |
| 3 Month Average | -36.166 % | £-146,471 | £258,528 |
| 6 Month Average | -29.251 % | £-118,465 | £286,534 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Aug 2022 | £304,181 | £305,000 | 14 BURTON CLIFFE |
| 29 Apr 2022 | £95,771 | £93,000 | 1 HONINGTON CRESCENT |
| 7 Mar 2022 | £383,417 | £370,000 | 364 BURTON ROAD |
| 22 Nov 2021 | £128,700 | £119,000 | 6 THORPE AVENUE |
| 8 Nov 2021 | £246,585 | £228,000 | 13 BREEDON DRIVE |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 28 Nov 2015. Using an estimated price of £434,534 means this house is valued at £3,682 per sq meter (£342 per sq foot).
There is one other house on the street which we know the size of, this is 1 BURTON RIDGE it is 140.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Burton Cliffe |
| Mar 2024 | Anti-social behaviour | On or near B1398 | |
| Mar 2024 | Anti-social behaviour | On or near B1398 | |
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near B1398 |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near B1398 |