£401,982
This estimated value is based upon the latest sale price for the house of £260,000 on 20 May 2014. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £260,000 | 20 May 2014 |
| £242,500 | 8 Nov 2007 |
| Detached |
| Freehold |
| Floor Area: 133 sq meters or 1,432 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 May 2014 the House Price Index for LINCOLNSHIRE was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £260,000 results in an estimated price of approximately £401,982.
| 20 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 148.6 | 54.609 % | £260,000 | £141,982 | £401,982 |
The Postcode Pricing Model uses changes in average sales price within the NG31 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 | 41.308 % | £107,400 | £367,400 |
| 3 Month Average | 45.555 % | £118,442 | £378,442 |
| 6 Month Average | 58.134 % | £151,149 | £411,149 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £520,000 | £520,000 | 9 WOODLANDS DRIVE |
| 22 Sep 2023 | £501,411 | £495,000 | 42 BEACON LANE |
| 8 Sep 2023 | £222,849 | £220,000 | 14 KENWICK DRIVE |
| 25 Jul 2023 | £395,321 | £390,000 | 11 TWYFORD GARDENS |
| 18 Jul 2023 | £183,723 | £181,250 | 5 SOUTHLANDS DRIVE |
This house has a floor area of 133 sq meters or 1,432 sq feet when measured on 3 Nov 2010. Using an estimated price of £401,983 means this house is valued at £3,020 per sq meter (£280 per sq foot).
The average size of a house on BEACON LANE is 136 sq meters (1,471 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Kenwick Drive |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Kenwick Drive |
| Jan 2024 | Drugs | Under investigation | On or near Twyford Gardens |
| Jan 2024 | Other theft | Under investigation | On or near Twyford Gardens |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Woodlands Drive |