£211,998
This estimated value is based upon the latest sale price for the house of £172,000 on 21 Feb 2020. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £172,000 | 21 Feb 2020 |
| £130,000 | 7 Mar 2008 |
| £89,000 | 18 Jul 2003 |
| £49,500 | 21 May 1999 |
| Detached |
| Freehold |
| Floor Area: 55 sq meters or 592 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 February 2020 the House Price Index for LINCOLNSHIRE was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £172,000 results in an estimated price of approximately £211,998.
| 21 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £172,000 | £39,998 | £211,998 |
The Postcode Pricing Model uses changes in average sales price within the PE9 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 | 70.784 % | £121,749 | £293,749 |
| 3 Month Average | 27.179 % | £46,748 | £218,748 |
| 6 Month Average | 16.287 % | £28,013 | £200,013 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Mar 2024 | £135,583 | £133,500 | 26 DRIFT AVENUE |
| 18 Aug 2023 | £244,357 | £239,950 | 15 DRIFT GARDENS |
| 30 Mar 2023 | £284,755 | £280,000 | 15 DRIFT ROAD |
| 21 Mar 2023 | £208,482 | £205,000 | 45 DRIFT AVENUE |
| 20 Mar 2023 | £412,133 | £405,250 | 19 DRIFT AVENUE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 31 Jul 2012. Using an estimated price of £211,998 means this house is valued at £3,854 per sq meter (£358 per sq foot).
The average size of a house on DRIFT AVENUE is 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Drift Avenue |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Lincoln Road |
| Oct 2024 | Drugs | Under investigation | On or near Drift Road |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Drift Road |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Drift Road |