£496,014
This estimated value is based upon the latest sale price for the house of £290,000 on 17 Oct 2012. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £290,000 | 17 Oct 2012 |
| £280,000 | 27 Aug 2010 |
| £190,000 | 8 Jun 2007 |
| Detached |
| Freehold |
| Floor Area: 156 sq meters or 1,681 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 October 2012 the House Price Index for LINCOLNSHIRE was 87.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.040%.Applying this 71.040% change to the original purchase price of £290,000 results in an estimated price of approximately £496,014.
| 17 Oct 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 149.7 | 71.040 % | £290,000 | £206,014 | £496,014 |
The Postcode Pricing Model uses changes in average sales price within the LN10 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 | -23.656 % | £-68,601 | £221,398 |
| 3 Month Average | 39.042 % | £113,222 | £403,222 |
| 6 Month Average | 44.072 % | £127,808 | £417,808 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Oct 2023 | £455,342 | £445,000 | 42 WOODLAND DRIVE |
| 22 Sep 2023 | £357,889 | £350,000 | 23 WOODLAND DRIVE |
| 19 Sep 2023 | £298,582 | £292,000 | 8 KIRKBY LANE |
| 11 Aug 2023 | £896,163 | £880,000 | 3A KIRKBY LANE |
| 2 Jun 2023 | £206,131 | £202,000 | 10 KIRKBY LANE |
This house has a floor area of 156 sq meters or 1,681 sq feet when measured on 8 Jun 2010. Using an estimated price of £496,015 means this house is valued at £3,175 per sq meter (£294 per sq foot).
The average size of a house on WOODLAND DRIVE is 145 sq meters (1,561 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Sterling Place |
| Jul 2024 | Anti-social behaviour | On or near Sterling Place | |
| Jul 2024 | Anti-social behaviour | On or near Sterling Place | |
| Jul 2024 | Anti-social behaviour | On or near Sterling Place | |
| Jun 2024 | Anti-social behaviour | On or near The Broadway |