£290,362
This estimated value is based upon the latest sale price for the house of £230,000 on 29 Mar 2018. 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 Melbourne Close
More crime details
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| Price Paid | Date |
|---|---|
| £230,000 | 29 Mar 2018 |
| Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 2018 the House Price Index for LINCOLNSHIRE was 118.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.245%.Applying this 26.245% change to the original purchase price of £230,000 results in an estimated price of approximately £290,362.
| 29 Mar 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 149.7 | 26.245 % | £230,000 | £60,362 | £290,362 |
The Postcode Pricing Model uses changes in average sales price within the LN6 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 | 9.211 % | £21,184 | £251,184 |
| 3 Month Average | 13.862 % | £31,881 | £261,881 |
| 6 Month Average | 17.731 % | £40,780 | £270,780 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £235,990 | £230,000 | 12 BINBROOK CLOSE |
| 27 Oct 2023 | £388,831 | £380,000 | 3 FALDINGWORTH CLOSE |
| 19 Apr 2023 | £155,407 | £152,500 | 10 HIBALDSTOW ROAD |
| 30 Jan 2023 | £288,270 | £287,500 | 43 CAISTOR ROAD |
| 27 Jan 2023 | £165,442 | £165,000 | 23 HIBALDSTOW ROAD |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 20 Jul 2017. Using an estimated price of £290,363 means this house is valued at £3,024 per sq meter (£280 per sq foot).
The average size of a house on FALDINGWORTH CLOSE is 147 sq meters (1,585 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Melbourne Close |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Close |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Melbourne Road |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Melbourne Road |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Melbourne Road |