£394,295
This estimated value is based upon the latest sale price for the house of £242,000 on 15 Mar 2007. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
There has been one burglary within the last year on or near Ermine Drive
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| Price Paid | Date |
|---|---|
| £242,000 | 15 Mar 2007 |
| £223,000 | 22 Apr 2004 |
| £158,950 | 9 Dec 2002 |
| 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 March 2007 the House Price Index for LINCOLNSHIRE was 91.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 62.932%.Applying this 62.932% change to the original purchase price of £242,000 results in an estimated price of approximately £394,295.
| 15 Mar 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.9 | 149.7 | 62.932 % | £242,000 | £152,295 | £394,295 |
The Postcode Pricing Model uses changes in average sales price within the LN5 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 | 29.613 % | £71,663 | £313,663 |
| 3 Month Average | 35.876 % | £86,820 | £328,820 |
| 6 Month Average | 45.573 % | £110,287 | £352,287 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Apr 2024 | £262,278 | £260,000 | 3 CENTURION CLOSE |
| 12 Sep 2023 | £296,537 | £290,000 | 16 CENTURION CLOSE |
| 20 Jun 2023 | £301,033 | £295,000 | 7 ROMAN CLOSE |
| 24 Apr 2023 | £156,935 | £154,000 | 2 EAST ROAD |
| 21 Oct 2022 | £249,168 | £250,000 | 22 EAST ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Ermine Drive |
| Aug 2024 | Anti-social behaviour | On or near Turner Close | |
| Aug 2024 | Anti-social behaviour | On or near Turner Close | |
| Sep 2024 | Public order | Under investigation | On or near Jubilee Way |
| Jul 2024 | Anti-social behaviour | On or near Jubilee Way |