£88,658
This estimated value is based upon the latest sale price for the house of £87,000 on 28 Apr 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £87,000 | 28 Apr 2023 |
| £109,995 | 15 Feb 2007 |
| Terraced |
| Freehold |
| Floor Area: 45 sq meters or 484 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 April 2023 the House Price Index for LINCOLNSHIRE was 146.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.906%.Applying this 1.906% change to the original purchase price of £87,000 results in an estimated price of approximately £88,658.
| 28 Apr 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 149.7 | 1.906 % | £87,000 | £1,658 | £88,658 |
The Postcode Pricing Model uses changes in average sales price within the NG31 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 | 14.866 % | £12,933 | £99,933 |
| 3 Month Average | 20.419 % | £17,764 | £104,764 |
| 6 Month Average | 11.366 % | £9,888 | £96,888 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £127,500 | £127,500 | 3 HARDWICKE CLOSE |
| 28 Mar 2024 | £160,465 | £158,000 | 1 ATLANTIC PLACE |
| 12 Oct 2023 | £163,718 | £160,000 | 11 HARDWICKE CLOSE |
| 28 Apr 2023 | £88,658 | £87,000 | 41 ORMONDE CLOSE |
| 3 Apr 2023 | £114,644 | £112,500 | 146 HUDSON WAY |
This house has a floor area of 45 sq meters or 484 sq feet when measured on 16 Nov 2021. Using an estimated price of £88,658 means this house is valued at £1,970 per sq meter (£183 per sq foot).
The average size of a house on ORMONDE CLOSE is 80 sq meters (870 sq feet).
This house is the smallest in the street with a floor area of 45 sq meters (484 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Ormonde Close |
| Sep 2024 | Other crime | Investigation complete; no suspect identified | On or near Ormonde Close |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ormonde Close |
| Jul 2024 | Anti-social behaviour | On or near Ormonde Close | |
| Jul 2024 | Anti-social behaviour | On or near Ormonde Close |