£117,374
This estimated value is based upon the latest sale price for the house of £95,000 on 15 Nov 2019. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £95,000 | 15 Nov 2019 |
| £97,500 | 7 Mar 2008 |
| £30,000 | 18 Jun 1998 |
| £32,500 | 5 Oct 1996 |
| £32,500 | 17 May 1996 |
| Terraced |
| Freehold |
| Floor Area: 123 sq meters or 1,323 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in November 2019 the House Price Index for NORTH EAST LINCOLNSHIRE was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £95,000 results in an estimated price of approximately £117,374.
| 15 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £95,000 | £22,374 | £117,374 |
The Postcode Pricing Model uses changes in average sales price within the DN32 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 | -32.970 % | £-31,321 | £63,678 |
| 3 Month Average | -2.732 % | £-2,595 | £92,404 |
| 6 Month Average | 7.001 % | £6,651 | £101,651 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £69,124 | £67,000 | 124 LAMBERT ROAD |
| 12 Oct 2023 | £71,627 | £70,000 | 131 LAMBERT ROAD |
| 15 Sep 2023 | £104,810 | £102,500 | 135 WELHOLME ROAD |
| 29 Mar 2023 | £137,293 | £135,000 | 126 WELHOLME ROAD |
| 13 Jan 2023 | £61,163 | £61,000 | 55 FAREBROTHER STREET |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 16 Sep 2019. Using an estimated price of £117,375 means this house is valued at £954 per sq meter (£88 per sq foot).
The average size of a house on WELHOLME ROAD is 122 sq meters (1,319 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Welholme Road |
| Jul 2024 | Public order | Under investigation | On or near Welholme Road |
| Jul 2024 | Drugs | Under investigation | On or near Welholme Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welholme Road |
| Apr 2024 | Other crime | Awaiting court outcome | On or near Welholme Road |