£350,775
This estimated value is based upon the latest sale price for the house of £325,000 on 3 Dec 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £325,000 | 3 Dec 2021 |
| £232,000 | 21 Aug 2013 |
| £177,500 | 10 May 2012 |
| £222,500 | 17 Aug 2007 |
| Terraced |
| Freehold |
| Floor Area: 157 sq meters or 1,689 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 2021 the House Price Index for LINCOLNSHIRE was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £325,000 results in an estimated price of approximately £350,775.
| 3 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £325,000 | £25,775 | £350,775 |
The Postcode Pricing Model uses changes in average sales price within the PE21 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 | 50.138 % | £162,949 | £487,949 |
| 3 Month Average | 7.393 % | £24,026 | £349,026 |
| 6 Month Average | -1.550 % | £-5,036 | £319,963 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £93,885 | £91,000 | 16 SPILSBY ROAD |
| 19 Dec 2023 | £154,549 | £149,800 | 45 HOSPITAL LANE |
| 1 Nov 2023 | £153,907 | £150,000 | 23 SPILSBY ROAD |
| 4 Sep 2023 | £373,227 | £365,000 | 76 SPILSBY ROAD |
| 18 Nov 2022 | £398,138 | £400,000 | 39B SPILSBY ROAD |
This house has a floor area of 157 sq meters or 1,689 sq feet when measured on 5 Jul 2021. Using an estimated price of £350,775 means this house is valued at £2,234 per sq meter (£207 per sq foot).
The average size of a house on SPILSBY ROAD is 161 sq meters (1,733 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Hospital Lane |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hospital Lane |
| Apr 2024 | Anti-social behaviour | On or near Hospital Lane | |
| Apr 2024 | Anti-social behaviour | On or near Hospital Lane | |
| Apr 2024 | Anti-social behaviour | On or near Hospital Lane |