£232,282
This estimated value is based upon the latest sale price for the house of £175,000 on 3 Nov 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £175,000 | 3 Nov 2016 |
| £170,000 | 3 Sep 2007 |
| £105,000 | 9 Dec 2002 |
| £44,500 | 12 Sep 1996 |
| £40,500 | 11 Apr 1995 |
| Terraced |
| Freehold |
| Floor Area: 122 sq meters or 1,313 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 November 2016 the House Price Index for LINCOLNSHIRE was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £175,000 results in an estimated price of approximately £232,282.
| 3 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 149.7 | 32.733 % | £175,000 | £57,282 | £232,282 |
The Postcode Pricing Model uses changes in average sales price within the LN1 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 | 47.701 % | £83,476 | £258,476 |
| 3 Month Average | 31.099 % | £54,422 | £229,422 |
| 6 Month Average | 22.985 % | £40,223 | £215,223 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £203,673 | £200,000 | 5 RASEN LANE |
| 6 Jun 2022 | £495,594 | £485,000 | 1 RUSSELL COURT CECIL STREET |
| 27 Apr 2022 | £256,762 | £247,500 | 66 CECIL STREET |
| 25 Apr 2022 | £302,998 | £292,068 | 41 RASEN LANE |
| 25 Feb 2022 | £311,655 | £295,000 | 3 CECIL STREET |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 9 Mar 2016. Using an estimated price of £232,283 means this house is valued at £1,903 per sq meter (£176 per sq foot).
The average size of a house on CECIL STREET is 90 sq meters (975 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cecil Street |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cecil Street |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rasen Lane |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Harrison Place |
| Sep 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Chapel Lane |