£259,369
This estimated value is based upon the latest sale price for the house of £147,500 on 8 May 2006. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£147,500 | 8 May 2006 |
£60,000 | 11 Dec 2003 |
Terraced |
Freehold |
Floor Area: 127 sq meters or 1,367 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 May 2006 the House Price Index for LINCOLNSHIRE was 85.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 75.844%.Applying this 75.844% change to the original purchase price of £147,500 results in an estimated price of approximately £259,369.
8 May 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
85.1 | 149.7 | 75.844 % | £147,500 | £111,869 | £259,369 |
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 | 43.936 % | £64,806 | £212,306 |
3 Month Average | 41.222 % | £60,801 | £208,301 |
6 Month Average | 50.662 % | £74,727 | £222,227 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Mar 2024 | £172,653 | £170,000 | 102 PORTLAND STREET |
5 Dec 2023 | £113,487 | £110,000 | 5 TROLLOPE 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 127 sq meters or 1,367 sq feet when measured on 26 Nov 2018. Using an estimated price of £259,370 means this house is valued at £2,042 per sq meter (£189 per sq foot).
The average size of a house on PORTLAND STREET is 102 sq meters (1,101 sq feet).