£120,574
This estimated value is based upon the latest sale price for the house of £115,500 on 1 Mar 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £115,500 | 1 Mar 2022 |
| £99,000 | 1 Apr 2015 |
| £88,000 | 16 Feb 2012 |
| £92,000 | 9 May 2005 |
| £30,000 | 1 Oct 1999 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 March 2022 the House Price Index for LINCOLNSHIRE was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £115,500 results in an estimated price of approximately £120,574.
| 1 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £115,500 | £5,074 | £120,574 |
The Postcode Pricing Model uses changes in average sales price within the PE21 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 | 8.759 % | £10,116 | £125,616 |
| 3 Month Average | 12.968 % | £14,978 | £130,478 |
| 6 Month Average | 5.438 % | £6,280 | £121,780 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £93,885 | £91,000 | 16 SPILSBY ROAD |
| 19 Dec 2023 | £154,549 | £149,800 | 45 HOSPITAL LANE |
| 28 Oct 2022 | £89,700 | £90,000 | 2 MAFEKING TERRACE |
| 8 Jul 2022 | £141,366 | £139,950 | 27 HOSPITAL LANE |
| 10 Jun 2022 | £100,141 | £98,000 | 42 HOSPITAL LANE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 30 Jan 2020. Using an estimated price of £120,574 means this house is valued at £1,324 per sq meter (£123 per sq foot).
The average size of a house on HOSPITAL LANE is 85 sq meters (919 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Bicycle theft | Under investigation | On or near Hospital Lane |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hospital Lane |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near St Leonards Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St Leonards Close |
| Aug 2024 | Burglary | Under investigation | On or near St Leonards Close |