£230,616
This estimated value is based upon the latest sale price for the house of £230,000 on 18 Jan 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £230,000 | 18 Jan 2023 |
| £134,000 | 30 Aug 2013 |
| Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 January 2023 the House Price Index for LINCOLNSHIRE was 149.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.268%.Applying this 0.268% change to the original purchase price of £230,000 results in an estimated price of approximately £230,616.
| 18 Jan 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.3 | 149.7 | 0.268 % | £230,000 | £616 | £230,616 |
The Postcode Pricing Model uses changes in average sales price within the PE11 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 | 1.625 % | £3,738 | £233,738 |
| 3 Month Average | 0.182 % | £418 | £230,418 |
| 6 Month Average | -3.599 % | £-8,278 | £221,721 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £183,681 | £180,000 | 4 ABBOTS WAY |
| 17 Feb 2023 | £229,533 | £228,000 | 63A BOURNE ROAD |
| 18 Jan 2023 | £230,616 | £230,000 | 63B BOURNE ROAD |
| 26 Aug 2022 | £273,278 | £272,000 | 7 HORSE FAYRE FIELDS |
| 5 Aug 2022 | £182,855 | £182,000 | 24 HORSE FAYRE FIELDS |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 15 Jul 2013. Using an estimated price of £230,616 means this house is valued at £2,713 per sq meter (£252 per sq foot).
The average size of a house on BOURNE ROAD is 92 sq meters (999 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Horse Fayre Fields |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Horse Fayre Fields |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Monkshouse Court |