£224,659
This estimated value is based upon the latest sale price for the house of £180,000 on 29 Mar 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £180,000 | 29 Mar 2018 |
| £54,000 | 24 Feb 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 143 sq meters or 1,539 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 March 2018 the House Price Index for LINCOLNSHIRE was 118.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 24.811%.Applying this 24.811% change to the original purchase price of £180,000 results in an estimated price of approximately £224,659.
| 29 Mar 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 148.0 | 24.811 % | £180,000 | £44,659 | £224,659 |
The Postcode Pricing Model uses changes in average sales price within the DN21 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 | 5.861 % | £10,549 | £190,549 |
| 3 Month Average | 37.189 % | £66,939 | £246,939 |
| 6 Month Average | 20.996 % | £37,791 | £217,791 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £131,691 | £130,000 | 131 MORTON TERRACE |
| 31 Jul 2023 | £272,578 | £270,000 | 18 MORTON TERRACE |
| 31 Jul 2023 | £113,070 | £112,000 | 6 NELSON STREET |
| 6 Jan 2023 | £148,694 | £150,000 | 36 NELSON STREET |
| 27 Oct 2022 | £157,656 | £160,000 | 10 LOVE LANE |
This house has a floor area of 143 sq meters or 1,539 sq feet when measured on 27 Nov 2017. Using an estimated price of £224,660 means this house is valued at £1,571 per sq meter (£145 per sq foot).
The average size of a house on MORTON TERRACE is 173 sq meters (1,870 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Possession of weapons | Under investigation | On or near Morton Terrace |
| Feb 2024 | Anti-social behaviour | On or near Morton Terrace | |
| Feb 2024 | Anti-social behaviour | On or near Morton Terrace | |
| Feb 2024 | Anti-social behaviour | On or near Morton Terrace | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Nelson Street |