£364,477
This estimated value is based upon the latest sale price for the house of £345,000 on 21 Feb 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £345,000 | 21 Feb 2022 |
| 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 February 2022 the House Price Index for LINCOLNSHIRE was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £345,000 results in an estimated price of approximately £364,477.
| 21 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £345,000 | £19,477 | £364,477 |
The Postcode Pricing Model uses changes in average sales price within the LN2 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 | -14.225 % | £-49,077 | £295,922 |
| 3 Month Average | 7.105 % | £24,510 | £369,510 |
| 6 Month Average | 2.402 % | £8,287 | £353,287 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £406,242 | £400,000 | 6 SIBTHORPE DRIVE |
| 31 Mar 2023 | £411,878 | £405,000 | 11 HOLME DRIVE |
| 25 Nov 2022 | £880,881 | £885,000 | WEST WINDS, 16A SCOTHERN LANE |
| 22 Jul 2022 | £636,377 | £630,000 | 2 SCOTHERN LANE |
| 30 Mar 2022 | £313,180 | £300,000 | 7 HOLME DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Shoplifting | Investigation complete; no suspect identified | On or near North Lane |
| Aug 2024 | Other theft | Unable to prosecute suspect | On or near Petrol Station |
| Sep 2024 | Other theft | Under investigation | On or near Holme Drive |
| Oct 2024 | Burglary | Under investigation | On or near Parklands Drive |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parklands Drive |