£198,347
This estimated value is based upon the latest sale price for the house of £160,000 on 9 Aug 2019. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £160,000 | 9 Aug 2019 |
| £120,000 | 17 Sep 2009 |
| £51,000 | 2 Jun 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 August 2019 the House Price Index for LINCOLNSHIRE was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £160,000 results in an estimated price of approximately £198,347.
| 9 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £160,000 | £38,347 | £198,347 |
The Postcode Pricing Model uses changes in average sales price within the NG34 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 | 11.786 % | £18,858 | £178,858 |
| 3 Month Average | 18.164 % | £29,063 | £189,063 |
| 6 Month Average | 15.822 % | £25,315 | £185,315 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £179,055 | £177,500 | 14 SOUTHFIELDS |
| 11 Dec 2023 | £265,663 | £257,500 | 28 PEAR TREE CLOSE |
| 23 Jun 2023 | £232,152 | £227,500 | 5 OAK ROAD |
| 28 Apr 2023 | £259,860 | £255,000 | 1 PEAR TREE CLOSE |
| 7 Sep 2022 | £219,853 | £220,000 | 25 SOUTHFIELDS |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 7 May 2019. Using an estimated price of £198,348 means this house is valued at £2,754 per sq meter (£255 per sq foot).
The average size of a house on OAK ROAD is 82 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Bridle Close |
| Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Larch Way |
| Oct 2024 | Public order | Under investigation | On or near Hawthorn Drive |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hawthorn Drive |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Hawthorn Drive |