£182,536
This estimated value is based upon the latest sale price for the house of £45,500 on 24 Jan 2000. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £45,500 | 24 Jan 2000 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 January 2000 the House Price Index for LINCOLNSHIRE was 37.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 301.178%.Applying this 301.178% change to the original purchase price of £45,500 results in an estimated price of approximately £182,536.
| 24 Jan 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 37.3 | 149.7 | 301.178 % | £45,500 | £137,036 | £182,536 |
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 | 247.687 % | £112,697 | £158,197 |
| 3 Month Average | 252.731 % | £114,992 | £160,492 |
| 6 Month Average | 292.812 % | £133,229 | £178,729 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £179,762 | £177,000 | 41 VICTORIA STREET |
| 31 Oct 2023 | £194,416 | £190,000 | THE STABLE BLOCK VICTORIA PASSAGE |
| 8 Jul 2022 | £121,215 | £120,000 | 1 VICTORIA PLACE |
| 9 Jun 2022 | £14,306 | £14,000 | 1 ALBERT HOUSE, 62 - 66 THE PARK |
| 13 May 2022 | £113,969 | £111,000 | 2 VICTORIA PLACE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 18 Oct 2017. Using an estimated price of £182,536 means this house is valued at £2,147 per sq meter (£199 per sq foot).
The average size of a house on WEST PARADE is 133 sq meters (1,432 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near The Park |
| Aug 2024 | Other crime | Investigation complete; no suspect identified | On or near The Park |
| Sep 2024 | Anti-social behaviour | On or near Parking Area | |
| Sep 2024 | Anti-social behaviour | On or near Parking Area | |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Street |