£232,469
This estimated value is based upon the latest sale price for the house of £227,500 on 6 Jun 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £227,500 | 6 Jun 2022 |
| £194,000 | 16 Nov 2020 |
| £132,000 | 13 Oct 2014 |
| £50,950 | 17 Mar 2000 |
| £45,950 | 31 May 1996 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 June 2022 the House Price Index for LINCOLNSHIRE was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £227,500 results in an estimated price of approximately £232,469.
| 6 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £227,500 | £4,969 | £232,469 |
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 | 42.685 % | £97,107 | £324,607 |
| 3 Month Average | -6.384 % | £-14,524 | £212,975 |
| 6 Month Average | -4.912 % | £-11,175 | £216,324 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Oct 2023 | £197,997 | £193,500 | 14 WILLIS CLOSE |
| 31 Mar 2023 | £208,482 | £205,000 | 3B NAAM PLACE |
| 10 Mar 2023 | £269,501 | £265,000 | 8 CUTHBERTS YARD |
| 27 Feb 2023 | £196,815 | £195,500 | 6 OCCUPATION ROAD |
| 25 Nov 2022 | £174,186 | £175,000 | 32 WILLIS CLOSE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 19 Aug 2020. Using an estimated price of £232,469 means this house is valued at £3,522 per sq meter (£327 per sq foot).
The average size of a house on OCCUPATION ROAD is 73 sq meters (791 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Willis Close | |
| Jul 2024 | Anti-social behaviour | On or near Willis Close | |
| Jul 2024 | Anti-social behaviour | On or near Willis Close | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Castle Lane |
| Sep 2024 | Shoplifting | Under investigation | On or near Castle Lane |