£181,526
This estimated value is based upon the latest sale price for the house of £115,000 on 7 Feb 2008. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £115,000 | 7 Feb 2008 |
| £110,000 | 28 Mar 2007 |
| Flats/Maisonettes |
| Leasehold |
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 2008 the House Price Index for LINCOLNSHIRE was 94.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.849%.Applying this 57.849% change to the original purchase price of £115,000 results in an estimated price of approximately £181,526.
| 7 Feb 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.8 | 149.7 | 57.849 % | £115,000 | £66,526 | £181,526 |
The Postcode Pricing Model uses changes in average sales price within the PE11 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 | 54.382 % | £62,539 | £177,539 |
| 3 Month Average | 47.656 % | £54,804 | £169,804 |
| 6 Month Average | 46.234 % | £53,169 | £168,169 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Aug 2023 | £134,934 | £132,500 | 14 WELLAND CLOSE |
| 30 Jun 2023 | £116,331 | £114,000 | FLAT 1 1 CYGNET COURT |
| 16 Jun 2023 | £591,861 | £580,000 | OLD WELLAND COTTAGE, 66 LONDON ROAD |
| 1 Jun 2023 | £163,272 | £160,000 | 101B LONDON ROAD |
| 10 Mar 2023 | £203,397 | £200,000 | 99 LONDON ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Welland Close |
| Sep 2024 | Anti-social behaviour | On or near Welland Close | |
| Sep 2024 | Anti-social behaviour | On or near Welland Close | |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Welland Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Welland Close |