£270,323
This estimated value is based upon the latest sale price for the house of £220,000 on 24 Jan 2020. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £220,000 | 24 Jan 2020 |
| £55,500 | 7 Aug 1996 |
| Detached |
| Freehold |
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 January 2020 the House Price Index for LINCOLNSHIRE was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £220,000 results in an estimated price of approximately £270,323.
| 24 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £220,000 | £50,323 | £270,323 |
The Postcode Pricing Model uses changes in average sales price within the LN6 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 | 30.939 % | £68,065 | £288,065 |
| 3 Month Average | 16.532 % | £36,369 | £256,369 |
| 6 Month Average | 9.788 % | £21,533 | £241,533 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Apr 2024 | £194,186 | £192,500 | 55 GRANGE CRESCENT |
| 19 Apr 2024 | £259,251 | £257,000 | 8 DERWENT CLOSE |
| 22 Mar 2024 | £272,182 | £268,000 | 1 MEDWAY CRESCENT |
| 25 Aug 2023 | £213,857 | £210,000 | 2 DERWENT CLOSE |
| 27 May 2022 | £266,955 | £260,000 | 37 WINDERMERE AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Medway Crescent |
| Jul 2024 | Vehicle crime | Under investigation | On or near Wilkinson Lane |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wilkinson Lane |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wilkinson Lane |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wilkinson Lane |