£276,729
This estimated value is based upon the latest sale price for the house of £224,000 on 18 Oct 2019. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £224,000 | 18 Oct 2019 |
| £143,000 | 24 Jun 2011 |
| £140,000 | 5 Aug 2003 |
| £87,000 | 2 Mar 2001 |
| Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 October 2019 the House Price Index for LINCOLNSHIRE was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £224,000 results in an estimated price of approximately £276,729.
| 18 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.540 % | £224,000 | £52,729 | £276,729 |
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 | 61.597 % | £137,977 | £361,977 |
| 3 Month Average | 13.966 % | £31,284 | £255,284 |
| 6 Month Average | 5.298 % | £11,867 | £235,867 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £193,885 | £190,000 | 17 MITCHELL DRIVE |
| 3 May 2022 | £436,368 | £425,000 | 131 LONG LEYS ROAD |
| 31 Jan 2022 | £275,652 | £260,000 | 14 MITCHELL DRIVE |
| 30 Nov 2021 | £430,360 | £395,000 | 26 OAKLEIGH DRIVE |
| 30 Sep 2021 | £374,521 | £345,000 | 1 OAKLEIGH DRIVE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 21 Feb 2019. Using an estimated price of £276,730 means this house is valued at £3,109 per sq meter (£288 per sq foot).
There is one other house on the street which we know the size of, this is 2 GRANELY CLOSE it is 123.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Granely Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Tapin Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Tapin Close |
| Jul 2024 | Anti-social behaviour | On or near Tapin Close | |
| May 2024 | Public order | Unable to prosecute suspect | On or near Tapin Close |