£394,622
This estimated value is based upon the latest sale price for the house of £250,000 on 1 Feb 2008. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £250,000 | 1 Feb 2008 |
| Detached |
| Freehold |
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 £250,000 results in an estimated price of approximately £394,622.
| 1 Feb 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.8 | 149.7 | 57.849 % | £250,000 | £144,622 | £394,622 |
The Postcode Pricing Model uses changes in average sales price within the NG34 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 | 39.612 % | £99,028 | £349,028 |
| 3 Month Average | 42.097 % | £105,242 | £355,242 |
| 6 Month Average | 37.769 % | £94,423 | £344,423 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £134,000 | £134,000 | 43A WESTGATE |
| 13 Nov 2023 | £109,787 | £107,000 | 9 LEICESTER STREET |
| 10 Nov 2023 | £182,123 | £177,500 | 2 ALEXANDRA SQUARE |
| 15 Sep 2023 | £163,607 | £160,000 | 34 WEST BANKS |
| 15 Aug 2023 | £119,149 | £117,000 | 24 CASTLE STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Possession of weapons | Awaiting court outcome | On or near West Gate |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Thomas Street |
| Oct 2024 | Public order | Under investigation | On or near Thomas Street |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thomas Street |
| Oct 2024 | Public order | Under investigation | On or near Alexandra Square |