£158,269
This estimated value is based upon the latest sale price for the house of £118,000 on 19 Aug 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£118,000 | 19 Aug 2016 |
£43,500 | 25 May 2000 |
Terraced |
Freehold |
Floor Area: 50 sq meters or 538 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 2016 the House Price Index for LINCOLNSHIRE was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £118,000 results in an estimated price of approximately £158,269.
19 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.6 | 149.7 | 34.126 % | £118,000 | £40,269 | £158,269 |
The Postcode Pricing Model uses changes in average sales price within the PE11 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 | 33.650 % | £39,707 | £157,707 |
3 Month Average | 29.184 % | £34,436 | £152,436 |
6 Month Average | 30.715 % | £36,243 | £154,243 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £128,963 | £125,000 | 41 HIGH STREET |
18 Apr 2023 | £224,193 | £220,000 | 65 DOUBLE STREET |
31 Mar 2023 | £162,717 | £160,000 | 45 DOUBLE STREET |
10 Jun 2022 | £252,395 | £247,000 | 32 HIGH STREET |
7 Jun 2022 | £290,203 | £284,000 | 7 CHAMBERS COURT |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 6 Mar 2016. Using an estimated price of £158,269 means this house is valued at £3,165 per sq meter (£294 per sq foot).
The average size of a house on ALBION STREET is 74 sq meters (800 sq feet).