£137,538
This estimated value is based upon the latest sale price for the house of £131,750 on 31 Mar 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£131,750 | 31 Mar 2022 |
£97,000 | 5 Mar 2004 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 947 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 £131,750 results in an estimated price of approximately £137,538.
31 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
143.4 | 149.7 | 4.393 % | £131,750 | £5,788 | £137,538 |
The Postcode Pricing Model uses changes in average sales price within the LN5 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 | -13.775 % | £-18,149 | £113,600 |
3 Month Average | 9.115 % | £12,008 | £143,758 |
6 Month Average | 4.874 % | £6,421 | £138,171 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Jul 2024 | £175,000 | £175,000 | APARTMENT 7 MILL VIEW COURT VERNON STREET |
11 Apr 2024 | £166,445 | £165,000 | 13 FOSTER STREET |
7 Mar 2024 | £95,975 | £94,500 | 84 FOSTER STREET |
18 Aug 2023 | £147,663 | £145,000 | 92 FOSTER STREET |
18 Aug 2023 | £295,327 | £290,000 | 7 FOSTER STREET |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 25 Jun 2014. Using an estimated price of £137,538 means this house is valued at £1,562 per sq meter (£145 per sq foot).
The average size of a house on FOSTER STREET is 88 sq meters (949 sq feet).