£224,774
This estimated value is based upon the latest sale price for the house of £200,000 on 26 Aug 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £200,000 | 26 Aug 2021 |
| £172,500 | 8 Aug 2016 |
| £156,995 | 24 Aug 2012 |
| Terraced |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 August 2021 the House Price Index for LINCOLNSHIRE was 133.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.387%.Applying this 12.387% change to the original purchase price of £200,000 results in an estimated price of approximately £224,774.
| 26 Aug 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 149.7 | 12.387 % | £200,000 | £24,774 | £224,774 |
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 | 42.778 % | £85,556 | £285,556 |
| 3 Month Average | 13.991 % | £27,982 | £227,982 |
| 6 Month Average | 0.807 % | £1,613 | £201,613 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £210,467 | £204,000 | 31 MAYFLOWER MEWS |
| 26 Oct 2023 | £127,905 | £125,000 | 36 WILKS ROAD |
| 16 Aug 2023 | £125,259 | £123,000 | 30 WILKS ROAD |
| 11 Aug 2023 | £269,867 | £265,000 | 10 BURROWS CLOSE |
| 4 Aug 2023 | £112,020 | £110,000 | 5 MAYFLOWER MEWS |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 6 Jul 2011. Using an estimated price of £224,775 means this house is valued at £2,043 per sq meter (£189 per sq foot).
The average size of a house on BURROWS CLOSE is 86 sq meters (935 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Under investigation | On or near Burrows Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Burrows Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Burrows Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Burrows Close |
| Jun 2024 | Violence and sexual offences | Offender given a caution | On or near Wilks Road |