£121,433
This estimated value is based upon the latest sale price for the house of £119,000 on 8 Jun 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
There has been one burglary within the last year on or near The Riverbank
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| Price Paid | Date |
|---|---|
| £119,000 | 8 Jun 2023 |
| £105,000 | 12 Nov 2021 |
| £65,000 | 8 Oct 2019 |
| £32,000 | 23 May 1997 |
| Terraced |
| Freehold |
| Floor Area: 51 sq meters or 548 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 2023 the House Price Index for LINCOLNSHIRE was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £119,000 results in an estimated price of approximately £121,433.
| 8 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £119,000 | £2,433 | £121,433 |
The Postcode Pricing Model uses changes in average sales price within the LN11 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 | 22.589 % | £26,881 | £145,881 |
| 3 Month Average | 21.108 % | £25,118 | £144,118 |
| 6 Month Average | 0.858 % | £1,020 | £120,020 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £131,139 | £130,000 | 7 EASTFIELD ROAD |
| 12 Apr 2024 | £259,756 | £257,500 | 63A EASTFIELD ROAD |
| 1 Dec 2023 | £127,415 | £123,500 | 59 EASTFIELD ROAD |
| 6 Sep 2023 | £255,635 | £250,000 | 55 EASTFIELD ROAD |
| 11 Aug 2023 | £208,765 | £205,000 | 70 CHESTNUT DRIVE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 15 May 2020. Using an estimated price of £121,434 means this house is valued at £2,381 per sq meter (£221 per sq foot).
The average size of a house on EASTFIELD ROAD is 87 sq meters (946 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near The Riverbank | |
| Aug 2024 | Burglary | Unable to prosecute suspect | On or near The Riverbank |
| Aug 2024 | Anti-social behaviour | On or near The Riverbank | |
| Aug 2024 | Anti-social behaviour | On or near The Riverbank | |
| Jul 2024 | Drugs | Investigation complete; no suspect identified | On or near Eastfield Road |