£119,194
This estimated value is based upon the latest sale price for the house of £118,000 on 26 Jul 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £118,000 | 26 Jul 2022 |
| £98,000 | 5 Jun 2007 |
| £24,000 | 20 Dec 1996 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 July 2022 the House Price Index for LINCOLNSHIRE was 148.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.012%.Applying this 1.012% change to the original purchase price of £118,000 results in an estimated price of approximately £119,194.
| 26 Jul 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 149.7 | 1.012 % | £118,000 | £1,194 | £119,194 |
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 | 71.336 % | £84,176 | £202,176 |
| 3 Month Average | -0.209 % | £-246 | £117,753 |
| 6 Month Average | -1.599 % | £-1,886 | £116,113 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £109,474 | £107,500 | 33 ALFORD STREET |
| 3 Apr 2023 | £137,573 | £135,000 | 46 REDCROSS STREET |
| 3 Mar 2023 | £155,599 | £153,000 | 2 REDCROSS STREET |
| 16 Feb 2023 | £161,076 | £160,000 | 30 REDCROSS STREET |
| 26 Jul 2022 | £119,194 | £118,000 | 58 ALFORD STREET |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 17 Nov 2015. Using an estimated price of £119,194 means this house is valued at £1,471 per sq meter (£136 per sq foot).
The average size of a house on ALFORD STREET is 83 sq meters (898 sq feet).