£405,757
This estimated value is based upon the latest sale price for the house of £400,000 on 3 Oct 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £400,000 | 3 Oct 2023 |
| £312,000 | 22 May 2015 |
| £250,000 | 22 Mar 2011 |
| 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 October 2023 the House Price Index for LINCOLNSHIRE was 145.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.439%.Applying this 1.439% change to the original purchase price of £400,000 results in an estimated price of approximately £405,757.
| 3 Oct 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 148.0 | 1.439 % | £400,000 | £5,757 | £405,757 |
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 | 9.504 % | £38,015 | £438,015 |
| 3 Month Average | -2.442 % | £-9,768 | £390,231 |
| 6 Month Average | -6.165 % | £-24,659 | £375,340 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Feb 2023 | £298,588 | £300,000 | 11 VILLAGE FARM |
| 19 Jul 2022 | £674,089 | £675,000 | 8 VILLAGE FARM |
| 30 Jun 2022 | £495,017 | £490,000 | 3 CHAPEL JETTY |
| 5 Apr 2022 | £338,462 | £330,000 | 3 MANOR PADDOCKS |
| 21 Dec 2021 | £282,769 | £265,000 | 6 MANOR PADDOCKS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Hall Wath |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Torgate Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Torgate Avenue |
| Apr 2024 | Other theft | Unable to prosecute suspect | On or near Lincoln Road |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Eastgate |