£279,563
This estimated value is based upon the latest sale price for the house of £225,000 on 22 Jul 2019. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £225,000 | 22 Jul 2019 |
| £170,500 | 28 Apr 2017 |
| £172,000 | 10 May 2013 |
| £142,000 | 17 Apr 2008 |
| £141,000 | 26 Aug 2005 |
| £41,500 | 18 Apr 1997 |
| £42,000 | 31 Oct 1996 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 July 2019 the House Price Index for LINCOLNSHIRE was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £225,000 results in an estimated price of approximately £279,563.
| 22 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.250 % | £225,000 | £54,563 | £279,563 |
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 | 21.723 % | £48,876 | £273,876 |
| 3 Month Average | 13.113 % | £29,504 | £254,504 |
| 6 Month Average | 5.945 % | £13,375 | £238,375 |
| 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 82 sq meters or 882 sq feet when measured on 16 May 2019. Using an estimated price of £279,564 means this house is valued at £3,409 per sq meter (£316 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 |