£301,100
This estimated value is based upon the latest sale price for the house of £225,000 on 9 Sep 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £225,000 | 9 Sep 2016 |
| £78,500 | 19 Mar 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 September 2016 the House Price Index for LINCOLNSHIRE was 111.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.822%.Applying this 33.822% change to the original purchase price of £225,000 results in an estimated price of approximately £301,100.
| 9 Sep 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 149.7 | 33.822 % | £225,000 | £76,100 | £301,100 |
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 | 24.411 % | £54,924 | £279,924 |
| 3 Month Average | 21.862 % | £49,190 | £274,190 |
| 6 Month Average | 27.995 % | £62,989 | £287,989 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2022 | £262,632 | £260,000 | 9 MAYFAIR AVENUE |
| 12 Apr 2022 | £270,248 | £260,500 | 41 WESTERN AVENUE |
| 25 Feb 2022 | £264,114 | £250,000 | 1 MAYFAIR AVENUE |
| 3 Feb 2022 | £322,219 | £305,000 | 7 CRANE GROVE |
| 12 Aug 2021 | £303,446 | £270,000 | 205 BOULTHAM PARK ROAD |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 20 Feb 2016. Using an estimated price of £301,100 means this house is valued at £2,618 per sq meter (£243 per sq foot).
The average size of a house on HALLAM GROVE is 125 sq meters (1,348 sq feet).