£139,611
This estimated value is based upon the latest sale price for the house of £89,000 on 3 Apr 2014. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£89,000 | 3 Apr 2014 |
£85,000 | 16 Jun 2006 |
Terraced |
Freehold |
Floor Area: 86 sq meters or 925 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 April 2014 the House Price Index for LINCOLNSHIRE was 95.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.867%.Applying this 56.867% change to the original purchase price of £89,000 results in an estimated price of approximately £139,611.
3 Apr 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.4 | 149.7 | 56.867 % | £89,000 | £50,611 | £139,611 |
The Postcode Pricing Model uses changes in average sales price within the LN5 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 | -11.608 % | £-10,330 | £78,669 |
3 Month Average | 19.318 % | £17,192 | £106,192 |
6 Month Average | 32.884 % | £29,267 | £118,267 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Dec 2023 | £113,487 | £110,000 | 5 TROLLOPE STREET |
8 Sep 2023 | £119,637 | £117,000 | 42 CROSS STREET |
21 Aug 2023 | £137,480 | £135,000 | 66 PORTLAND STREET |
14 Mar 2023 | £123,055 | £121,000 | 90 PORTLAND STREET |
9 Feb 2023 | £90,605 | £90,000 | 27 CHELMSFORD STREET |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 9 Jun 2014. Using an estimated price of £139,611 means this house is valued at £1,623 per sq meter (£150 per sq foot).
The average size of a house on CHELMSFORD STREET is 74 sq meters (804 sq feet).