£255,628
This estimated value is based upon the latest sale price for the house of £140,000 on 18 Nov 2005. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £140,000 | 18 Nov 2005 |
| £130,000 | 31 Jan 2003 |
| £67,250 | 31 Aug 2001 |
| £37,000 | 21 Oct 1996 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 2005 the House Price Index for LINCOLNSHIRE was 82.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 82.592%.Applying this 82.592% change to the original purchase price of £140,000 results in an estimated price of approximately £255,628.
| 18 Nov 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.0 | 149.7 | 82.592 % | £140,000 | £115,628 | £255,628 |
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 | 78.869 % | £110,416 | £250,416 |
| 3 Month Average | 54.020 % | £75,628 | £215,628 |
| 6 Month Average | 48.867 % | £68,413 | £208,413 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £181,577 | £180,000 | 19 UNION ROAD |
| 29 Sep 2023 | £168,719 | £165,000 | 2 CHESTNUT STREET |
| 10 Mar 2023 | £269,501 | £265,000 | 8 CUTHBERTS YARD |
| 20 Feb 2023 | £483,228 | £480,000 | 26 WESTGATE |
| 25 Feb 2022 | £311,655 | £295,000 | 3 CECIL STREET |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 20 Sep 2013. Using an estimated price of £255,629 means this house is valued at £2,582 per sq meter (£239 per sq foot).
The average size of a house on WESTGATE is 97 sq meters (1,048 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Westgate | |
| Aug 2024 | Anti-social behaviour | On or near Westgate | |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Westgate |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Westgate |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Westgate |