£122,569
This estimated value is based upon the latest sale price for the house of £73,500 on 14 Dec 2006. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £73,500 | 14 Dec 2006 |
| £73,000 | 2 May 2006 |
| £63,000 | 7 May 2004 |
| £12,000 | 3 Sep 2002 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 December 2006 the House Price Index for LINCOLNSHIRE was 89.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 66.761%.Applying this 66.761% change to the original purchase price of £73,500 results in an estimated price of approximately £122,569.
| 14 Dec 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.8 | 149.7 | 66.761 % | £73,500 | £49,069 | £122,569 |
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 | 0.772 % | £567 | £74,067 |
| 3 Month Average | 33.558 % | £24,664 | £98,164 |
| 6 Month Average | 27.561 % | £20,256 | £93,756 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £106,929 | £106,000 | 145 LEA ROAD |
| 13 Nov 2023 | £200,079 | £195,000 | 80 LEA ROAD |
| 12 Oct 2023 | £112,556 | £110,000 | 147 LEA ROAD |
| 15 Sep 2023 | £79,247 | £77,500 | 29 CROMWELL STREET |
| 30 Jun 2023 | £71,431 | £70,000 | 3 CROMWELL STREET |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 26 Jan 2017. Using an estimated price of £122,569 means this house is valued at £1,332 per sq meter (£123 per sq foot).
The average size of a house on CROMWELL STREET is 92 sq meters (991 sq feet).