£55,010
This estimated value is based upon the latest sale price for the house of £40,000 on 12 Feb 2016. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£40,000 | 12 Feb 2016 |
£8,000 | 28 Jun 2000 |
£6,500 | 20 Jan 1999 |
Terraced |
Freehold |
Floor Area: 61 sq meters or 656 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in February 2016 the House Price Index for NORTH EAST LINCOLNSHIRE was 108.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 37.526%.Applying this 37.526% change to the original purchase price of £40,000 results in an estimated price of approximately £55,010.
12 Feb 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
108.9 | 149.7 | 37.526 % | £40,000 | £15,010 | £55,010 |
The Postcode Pricing Model uses changes in average sales price within the DN32 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 | -3.281 % | £-1,312 | £38,687 |
3 Month Average | 24.703 % | £9,881 | £49,881 |
6 Month Average | 11.246 % | £4,498 | £44,498 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £59,921 | £59,000 | 84 STANLEY STREET |
4 Mar 2024 | £27,421 | £27,000 | GROUND FLOOR FLAT 25 GRAFTON STREET |
15 Dec 2023 | £67,061 | £65,000 | 35 GRAFTON STREET |
14 Dec 2023 | £46,942 | £45,500 | 55 WEELSBY STREET |
9 Oct 2023 | £51,162 | £50,000 | 3 GRAFTON STREET |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 2 Sep 2015. Using an estimated price of £55,010 means this house is valued at £901 per sq meter (£83 per sq foot).
The average size of a house on WEELSBY STREET is 86 sq meters (927 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Bicycle theft | Unable to prosecute suspect | On or near Derby Close |
Jun 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Derby Close |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Derby Close |
Jun 2024 | Public order | Investigation complete; no suspect identified | On or near Derby Close |
May 2024 | Other theft | Investigation complete; no suspect identified | On or near Derby Close |