£172,248
This estimated value is based upon the latest sale price for the house of £165,000 on 25 Mar 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £165,000 | 25 Mar 2022 |
| £136,000 | 26 Apr 2019 |
| £124,950 | 20 Nov 2006 |
| £75,000 | 29 Nov 2002 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 March 2022 the House Price Index for LINCOLNSHIRE was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £165,000 results in an estimated price of approximately £172,248.
| 25 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £165,000 | £7,248 | £172,248 |
The Postcode Pricing Model uses changes in average sales price within the LN1 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 | 9.954 % | £16,424 | £181,424 |
| 3 Month Average | -15.113 % | £-24,936 | £140,063 |
| 6 Month Average | -0.391 % | £-644 | £164,355 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Apr 2024 | £131,139 | £130,000 | 68 GRAY STREET |
| 1 Dec 2023 | £193,444 | £187,500 | 54 GRAY STREET |
| 9 Oct 2023 | £143,254 | £140,000 | 3 GRAY STREET |
| 29 Sep 2023 | £168,719 | £165,000 | 2 CHESTNUT STREET |
| 15 Jun 2023 | £188,783 | £185,000 | 11 GRAY STREET |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 21 Feb 2019. Using an estimated price of £172,249 means this house is valued at £2,460 per sq meter (£228 per sq foot).
The average size of a house on RASEN LANE is 92 sq meters (996 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Naam Place |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Naam Place |
| Sep 2024 | Anti-social behaviour | On or near Naam Place | |
| Sep 2024 | Anti-social behaviour | On or near Naam Place | |
| Aug 2024 | Anti-social behaviour | On or near Naam Place |