£402,833
This estimated value is based upon the latest sale price for the house of £332,000 on 12 Mar 2020. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £332,000 | 12 Mar 2020 |
| £215,000 | 13 Aug 2009 |
| £235,000 | 17 Mar 2003 |
| £167,500 | 15 Jul 2002 |
| Detached |
| Freehold |
| Floor Area: 137 sq meters or 1,474 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 2020 the House Price Index for LINCOLNSHIRE was 123.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.335%.Applying this 21.335% change to the original purchase price of £332,000 results in an estimated price of approximately £402,833.
| 12 Mar 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 149.7 | 21.335 % | £332,000 | £70,833 | £402,833 |
The Postcode Pricing Model uses changes in average sales price within the NG31 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 | 95.697 % | £317,714 | £649,714 |
| 3 Month Average | 44.722 % | £148,476 | £480,476 |
| 6 Month Average | 18.194 % | £60,405 | £392,405 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2024 | £292,540 | £290,000 | 7 MEADOW END |
| 2 Jun 2023 | £229,601 | £225,000 | 205 BRIDGE END ROAD |
| 13 Jan 2023 | £310,831 | £310,000 | 182 BRIDGE END ROAD |
| 23 Nov 2022 | £423,022 | £425,000 | 18 HILLSIDE CRESCENT |
| 19 Aug 2022 | £226,057 | £225,000 | 1 SOMERBY GROVE |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 16 May 2019. Using an estimated price of £402,833 means this house is valued at £2,940 per sq meter (£273 per sq foot).
The average size of a house on LANCASTER GARDENS is 176 sq meters (1,894 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lancaster Gardens |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Blenheim Way |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Hillside Crescent |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Eastwood Drive |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Toll Bar Road |