£296,809
This estimated value is based upon the latest sale price for the house of £275,000 on 15 Dec 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £275,000 | 15 Dec 2021 |
| £165,000 | 25 Aug 2017 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 December 2021 the House Price Index for LINCOLNSHIRE was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £275,000 results in an estimated price of approximately £296,809.
| 15 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £275,000 | £21,809 | £296,809 |
The Postcode Pricing Model uses changes in average sales price within the PE9 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 | -7.112 % | £-19,559 | £255,440 |
| 3 Month Average | -1.714 % | £-4,713 | £270,286 |
| 6 Month Average | 6.966 % | £19,157 | £294,157 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £292,423 | £285,000 | 2 QUEEN STREET |
| 16 Nov 2023 | £246,251 | £240,000 | 6 NEW STREET |
| 3 Nov 2023 | £613,575 | £598,000 | 25 NEW CROSS ROAD |
| 30 Oct 2023 | £690,687 | £675,000 | 27 NEW CROSS ROAD |
| 30 Aug 2023 | £330,969 | £325,000 | 3 COALVILLE COTTAGES |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 20 May 2017. Using an estimated price of £296,810 means this house is valued at £3,757 per sq meter (£349 per sq foot).
The average size of a house on QUEEN STREET is 123 sq meters (1,334 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Princes Road | |
| Aug 2024 | Anti-social behaviour | On or near Princes Road | |
| Aug 2024 | Criminal damage and arson | Under investigation | On or near Princes Road |
| Aug 2024 | Anti-social behaviour | On or near Princes Road | |
| Aug 2024 | Anti-social behaviour | On or near Princes Road |