£127,410
This estimated value is based upon the latest sale price for the house of £125,000 on 1 Dec 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £125,000 | 1 Dec 2023 |
| £90,000 | 4 Sep 2015 |
| £85,000 | 21 Dec 2005 |
| £44,450 | 20 Dec 2001 |
| £36,000 | 27 Oct 1995 |
| Terraced |
| Freehold |
| Floor Area: 51 sq meters or 548 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 December 2023 the House Price Index for LINCOLNSHIRE was 145.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.928%.Applying this 1.928% change to the original purchase price of £125,000 results in an estimated price of approximately £127,410.
| 1 Dec 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.2 | 148.0 | 1.928 % | £125,000 | £2,410 | £127,410 |
The Postcode Pricing Model uses changes in average sales price within the LN8 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 | 0.520 % | £649 | £125,649 |
| 3 Month Average | 2.275 % | £2,843 | £127,843 |
| 6 Month Average | -10.561 % | £-13,201 | £111,798 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £127,410 | £125,000 | 6 WELLESLEY CLOSE |
| 3 Nov 2023 | £116,496 | £115,000 | 53 WATERLOO STREET |
| 18 Aug 2023 | £412,509 | £410,000 | 59 WATERLOO STREET |
| 1 Aug 2023 | £241,468 | £240,000 | 12 THE FURLONGS |
| 14 Apr 2023 | £181,348 | £180,000 | 30 THE FURLONGS |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 21 Mar 2015. Using an estimated price of £127,410 means this house is valued at £2,498 per sq meter (£232 per sq foot).
The average size of a house on WELLESLEY CLOSE is 68 sq meters (736 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Waterloo Street |
| Mar 2024 | Anti-social behaviour | On or near Lancaster Drive | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lancaster Drive |
| Mar 2024 | Anti-social behaviour | On or near Lancaster Drive | |
| Mar 2024 | Possession of weapons | Under investigation | On or near Lancaster Drive |