£348,993
This estimated value is based upon the latest sale price for the house of £342,000 on 16 Jun 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £342,000 | 16 Jun 2023 |
| £198,000 | 26 Apr 2007 |
| £217,500 | 6 Apr 2004 |
| £139,995 | 7 Mar 2002 |
| Detached |
| Freehold |
| Floor Area: 179 sq meters or 1,926 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 2023 the House Price Index for LINCOLNSHIRE was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £342,000 results in an estimated price of approximately £348,993.
| 16 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £342,000 | £6,993 | £348,993 |
The Postcode Pricing Model uses changes in average sales price within the PE11 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 | 44.787 % | £153,170 | £495,170 |
| 3 Month Average | 7.989 % | £27,323 | £369,323 |
| 6 Month Average | 2.418 % | £8,267 | £350,267 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £348,994 | £342,000 | 41 SHEARERS DRIVE |
| 28 Feb 2023 | £332,219 | £330,000 | 10 LAVENDER DRIVE |
| 18 Mar 2022 | £214,006 | £205,000 | 1 KIMBLEWICK LANE |
| 22 Dec 2021 | £345,379 | £320,000 | 15 LAVENDER DRIVE |
| 24 Aug 2021 | £337,106 | £299,950 | 3 LAVENDER DRIVE |
This house has a floor area of 179 sq meters or 1,926 sq feet when measured on 1 Nov 2019. Using an estimated price of £348,994 means this house is valued at £1,949 per sq meter (£181 per sq foot).
The average size of a house on SHEARERS DRIVE is 131 sq meters (1,417 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Under investigation | On or near Shearers Drive |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Shearers Drive |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Shearers Drive |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Shearers Drive |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lavender Drive |