£292,020
This estimated value is based upon the latest sale price for the house of £185,000 on 5 Feb 2008. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £185,000 | 5 Feb 2008 |
| Detached |
| Freehold |
| Floor Area: 52 sq meters or 559 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 February 2008 the House Price Index for LINCOLNSHIRE was 94.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.849%.Applying this 57.849% change to the original purchase price of £185,000 results in an estimated price of approximately £292,020.
| 5 Feb 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.8 | 149.7 | 57.849 % | £185,000 | £107,020 | £292,020 |
The Postcode Pricing Model uses changes in average sales price within the LN11 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 | 68.830 % | £127,335 | £312,335 |
| 3 Month Average | 64.993 % | £120,236 | £305,236 |
| 6 Month Average | 48.648 % | £89,998 | £274,998 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £196,023 | £190,000 | 22 WELLINGTON STREET |
| 31 Aug 2023 | £134,424 | £132,000 | 46 JAMES STREET |
| 21 Apr 2023 | £127,383 | £125,000 | 3 WELLINGTON MEWS |
| 27 Jan 2023 | £142,882 | £142,500 | 6 WELLINGTON STREET |
| 15 Jul 2022 | £121,215 | £120,000 | 22 JAMES STREET |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 27 Nov 2021. Using an estimated price of £292,021 means this house is valued at £5,615 per sq meter (£521 per sq foot).
The average size of a house on WOODLANDS is 256 sq meters (2,756 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (559 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Charles Street |
| Jul 2024 | Anti-social behaviour | On or near Charles Street | |
| Jul 2024 | Anti-social behaviour | On or near Charles Street | |
| Jul 2024 | Anti-social behaviour | On or near Charles Street | |
| Jul 2024 | Anti-social behaviour | On or near Charles Street |