£270,360
This estimated value is based upon the latest sale price for the house of £215,000 on 19 Apr 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £215,000 | 19 Apr 2018 |
| £185,000 | 10 Sep 2010 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 April 2018 the House Price Index for LINCOLNSHIRE was 119.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.749%.Applying this 25.749% change to the original purchase price of £215,000 results in an estimated price of approximately £270,360.
| 19 Apr 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 149.7 | 25.749 % | £215,000 | £55,360 | £270,360 |
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 | -9.775 % | £-21,016 | £193,983 |
| 3 Month Average | 10.771 % | £23,157 | £238,157 |
| 6 Month Average | 11.786 % | £25,340 | £240,340 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £728,492 | £710,000 | 9 CASTLE HILL |
| 12 Oct 2023 | £214,880 | £210,000 | 31 BAILGATE |
| 29 Sep 2023 | £12,270 | £12,000 | LE PAPILLON BISTRO ST PAULS LANE |
| 8 Sep 2023 | £452,986 | £443,000 | 18A JAMES STREET |
| 26 Jun 2023 | £224,499 | £220,000 | 34B BAILGATE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 11 Jan 2017. Using an estimated price of £270,361 means this house is valued at £3,975 per sq meter (£369 per sq foot).
The average size of a house on BAILGATE is 108 sq meters (1,169 sq feet).