£68,232
This estimated value is based upon the latest sale price for the house of £66,500 on 3 Nov 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £66,500 | 3 Nov 2023 |
| £37,999 | 18 May 2012 |
| Terraced |
| Leasehold |
| Floor Area: 76 sq meters or 822 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 2023 the House Price Index for LINCOLNSHIRE was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £66,500 results in an estimated price of approximately £68,232.
| 3 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £66,500 | £1,732 | £68,232 |
The Postcode Pricing Model uses changes in average sales price within the PE10 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 | 18.137 % | £12,060 | £78,560 |
| 3 Month Average | 16.963 % | £11,280 | £77,780 |
| 6 Month Average | 2.056 % | £1,366 | £67,866 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £118,646 | £115,000 | 75 THE POLLARDS |
| 3 Nov 2023 | £68,232 | £66,500 | 48 SPRINGBANK DRIVE |
| 20 Sep 2023 | £393,678 | £385,000 | 2 WATER LANE |
| 31 Oct 2022 | £109,634 | £110,000 | 31 WATER LANE |
| 30 Aug 2022 | £195,916 | £195,000 | 51 THE POLLARDS |
This house has a floor area of 76 sq meters or 822 sq feet when measured on 30 Nov 2011. Using an estimated price of £68,232 means this house is valued at £892 per sq meter (£82 per sq foot).
The average size of a house on SPRINGBANK DRIVE is 99 sq meters (1,070 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Springbank Drive |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Dog Rose Drive |
| Aug 2024 | Anti-social behaviour | On or near The Pollards | |
| Aug 2024 | Anti-social behaviour | On or near The Pollards | |
| Aug 2024 | Anti-social behaviour | On or near The Pollards |