£248,199
This estimated value is based upon the latest sale price for the house of £104,450 on 12 Jun 2003. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £104,450 | 12 Jun 2003 |
| £40,000 | 10 Mar 2000 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 833 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 2003 the House Price Index for LINCOLNSHIRE was 63.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 137.625%.Applying this 137.625% change to the original purchase price of £104,450 results in an estimated price of approximately £248,199.
| 12 Jun 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 63.0 | 149.7 | 137.625 % | £104,450 | £143,749 | £248,199 |
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 | 81.272 % | £84,888 | £189,338 |
| 3 Month Average | 85.530 % | £89,336 | £193,786 |
| 6 Month Average | 101.430 % | £105,943 | £210,393 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £208,482 | £205,000 | 3B NAAM PLACE |
| 10 Mar 2023 | £274,586 | £270,000 | 88 RASEN LANE |
| 10 Mar 2023 | £269,501 | £265,000 | 8 CUTHBERTS YARD |
| 27 Feb 2023 | £196,815 | £195,500 | 6 OCCUPATION ROAD |
| 12 Oct 2022 | £460,960 | £462,500 | 26 - 28 BURTON ROAD |
This house has a floor area of 77 sq meters or 833 sq feet when measured on 2 Sep 2009. Using an estimated price of £248,200 means this house is valued at £3,205 per sq meter (£297 per sq foot).
The average size of a house on BURTON ROAD is 101 sq meters (1,090 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other crime | Under investigation | On or near Occupation Road |
| Oct 2024 | Other crime | Under investigation | On or near Willis Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Chestnut Street |
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Chestnut Street |
| Jul 2024 | Anti-social behaviour | On or near Willis Close |