£288,772
This estimated value is based upon the latest sale price for the house of £155,000 on 20 May 2005. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £155,000 | 20 May 2005 |
| Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 May 2005 the House Price Index for LINCOLNSHIRE was 80.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 86.305%.Applying this 86.305% change to the original purchase price of £155,000 results in an estimated price of approximately £288,772.
| 20 May 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 149.7 | 86.305 % | £155,000 | £133,772 | £288,772 |
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 | 89.125 % | £138,143 | £293,143 |
| 3 Month Average | 42.069 % | £65,207 | £220,207 |
| 6 Month Average | 50.055 % | £77,585 | £232,585 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £280,000 | £280,000 | 31 GLOUCESTER ROAD |
| 15 Sep 2023 | £352,777 | £345,000 | 73 GLOUCESTER ROAD |
| 24 Aug 2023 | £364,575 | £358,000 | 26 GLOUCESTER ROAD |
| 18 Aug 2023 | £442,990 | £435,000 | 5 SOUTHWELL CLOSE |
| 2 Jun 2023 | £520,429 | £510,000 | 9 SOUTHWELL CLOSE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 3 Nov 2008. Using an estimated price of £288,772 means this house is valued at £3,655 per sq meter (£339 per sq foot).
The average size of a house on GLOUCESTER ROAD is 124 sq meters (1,338 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Drugs | Further investigation is not in the public interest | On or near Gloucester Road |
| Jul 2024 | Anti-social behaviour | On or near Wakefield Close | |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wakefield Close |
| Apr 2024 | Public order | Under investigation | On or near Southwell Close |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Blackburn Close |